Torrens Certificate

DEFINITION of 'Torrens Certificate'

A certificate showing ownership of property. Torrens certificates are issued by government agencies in some states. These certificates allow for the transfer of property without requiring a title search to be completed first.

BREAKING DOWN 'Torrens Certificate'

Torrens certificates were originally created by Robert Torrens, a land manager in Australia. They simplify title searches in many cases. Under this system, any title that is discovered after the issuance of a certificate is considered invalid.

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RELATED FAQS
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    Before online brokers and personally-directed accounts, holding a physical stock certificate was a necessity, as this was ... Read Answer >>
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    I bought 50,000 shares of restricted common stock from a company in December 2015 and received a stock certificate. I then ... Read Answer >>
  3. I lost my share certificate. Do I still own the stock?

    Regardless of whether a shareholder loses his or her stock certificate, that person still owns the shares. However, in order ... Read Answer >>
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