: a title that conveys property and the interest therein bargained for reasonably free from all liens and encumbrances save those excepted by the bargain, that does not expose the purchaser to litigation, and that he can readily sell or offer as security to a prudent man knowing all material facts and their legal significance : merchantable title
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Law.
a title to real property that is free from encumbrances, litigation, and other defects and that can readily be sold or mortgaged to a reasonable buyer or mortgagee. Also called good title, merchantable title, sound title.
Useful english dictionary. 2012.