Usually means: Apparent but legally ineffective ownership.
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We found 10 dictionaries that define the word color of title:

General (3 matching dictionaries)
  1. color of title: Dictionary.com
  2. Color of title: Wikipedia, the Free Encyclopedia
  3. color of title: Wiktionary

Business (7 matching dictionaries)
  1. color of title: Merriam-Webster Legal Dictionary
  2. color of title: Law.com Dictionary
  3. Everybody's Legal Dictionary (No longer online)
  4. Glossary of Legal Terms (No longer online)
  5. Color of Title: Legal dictionary
  6. color of title: Financial dictionary
  7. BusinessDictionary.com (No longer online)

Definitions from Wiktionary (color of title)

noun:  (US law) The situation where a claim to title in real estate appears valid but may be legally defective.

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