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TITLE

A title is a method of recognizing ownership rights over real or personal property even at a distance. Title is a legal fact or state. “John has title to that white 1997 Honda Accord.” Title always attaches to a specific object. In the bullion industry if you put a 100-Toz gold bar in custodial storage, you hold a receipt for the specific bar with a unique serial number identifying that bar as yours. If the repository is robbed and only your specific gold bar is stolen, you would be the only customer of the repository who suffered a loss.

TITLE DEED/CERTIFICATE

A piece of paper recording the act of transfer of legal title to a specific item of property from legal person to another. “The title” refers to the paper certificate of title. The “deed” is the act of transferring title executed and recorded by the signature.