Title
Ownership of a property. A clear title is one without any outstanding liens or encumbrances. A cloud on title refers to any outstanding liens or encumbrances which could impair the title.

Title Insurance Policy
Protection against financial loss arising from defects in the title occurring before purchase.

Title Search
A check of public record to disclose the past and current facts regarding ownership of a particular piece of property.

Transfer Tax
In some areas city, county or state taxes imposed when property passes from one person to another.

Truth-In-Lending
A federal law that requires lenders to fully disclose, in writing, the terms and conditions of a mortgage, including the APR and other charges.