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TeachMeFinance.com - explain title title -- (1) the ownership right to property, including the right of possession. (2) the document or instrument constituting evidence of such an ownership right. See abstract of title. historic definition... Title -- Title to property does not pass from one to another unless there is a mutual agreement to that effect. If an agent has goods in his possession the title is still in the principal, although the agent may have advanced a larger or smaller proportion of their value. If he is not an agent but has simply advanced money on the security of the goods he has a lien upon them for his advance, but he does not own them. In the absence of an agreement an agent who has made an advance upon goods has a lien upon them to that extent. A creditor of the owner may take the goods and sell them subject to his lien. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.