noun[mass noun] Law
The guarantee of title to the ownership of a property or lease.
- In 1985 the Inuvialuit land settlement approved by government was described as ‘the first in Canada to include land ownership, both surface and subsurface, in fee simple absolute title, including the beds of water bodies.’
- It is averred that in June 1988 BCCI had absolute title to the BCCI Notes and security by virtue of the Charge over the Manlon Notes and that the Third Party Notes were delivered to BCCI.
- At one time the standard agreements provided that, although absolute title was to pass in relation to the stock lent, the collateral was transferred by way of security.
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