Which of the Following Best Describes the Term "Title

question 5

Multiple Choice

Which of the following best describes the term "title"?

• A) It is the right to inherit property in the future.
• B) It is the temporary transfer of possession of personal property.
• C) It is the transfer of possession of goods for the purpose of sale.
• D) It is the right of ownership of property or evidence of ownership.

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Definitions:

Endowment Funds

Organizations chartered to invest money for usually tax-exempt institutions.

Charitable Organizations

Nonprofit entities that operate for the purpose of providing aid and support to societal, cultural, educational, or environmental causes.

Educational Institutions

Organizations dedicated to the instruction and training of students in various fields of study.

Fully-Funded Pension Plan

A pension plan that has enough assets to provide for all accrued benefits owed to participants.