Certificate of Title
Definition - What does Certificate of Title mean?
A certificate of title is a document that proves legal ownership of property by an individual. These documents are typically issued by the state or another government entity. Certificates of title can be used as evidence in lawsuits where property ownership is being debated. Certificates of title can be issued for personal or real property.
Justipedia explains Certificate of Title
An example of a certificate of title could be a title to an automobile. In this case, the owner's name would be listed, as well as the make and model of the car, and the car's vehicle identification number. Certificates of title for automobiles are often referred to as pink slips. This is because the color of the paper that they are often printed on is pink. Certificates of title can be transferred over to other people. Doing so, in accordance with the law, effectively transfers ownership of the property.