A title that is acquired by the proprietor. This absolute title is free from any complications such as judgments or liens. It is the only title required for selling a property or getting a mortgage. It is often called a perfect title.

When an agreed payment is made the property is considered transferred from the seller to the buyer. This payment has no stipulations in this simple transaction.

The privileges resulting from owning property; rights from a contract relationship; the right to refuse or to make a contract with someone.