Marketable title (real estate) is a title that a court
of equity considers to be so free from defect that it will
legally force its acceptance by a buyer. Marketable title
does not assume that absolute absence of defect, but rather
a title that a prudent, informed buyer in the reasonable course
of business would accept. For real estate practitioners, the
most complete reference to title issues is found in the preprinted
wording contained within an agreement/contract.