If the seller has failed to provide marketable title, the buyer is permitted to rescind the saleâthat is, to back out of the contract and receive a refund of the money paid for the property. Suppose, for example, that Mary buys land from Bob. The contract of sale declares that Bob holds marketable title to the land.
Freebase(0.00 / 0 votes)Rate this definition: Fer. Fer is a red French wine grape variety that is grown primarily in South West France and is most notable for its role in the Appellation d'Origine ContrÃ´lÃ©e wines of Gaillac, Marcillac and BÃ©arn but can also be found as minor component in the wines of Madiran, CabardÃ¨s and Bergerac.
Federal Employees Retirement System (FERS) All federal employees are automatically enrolled in one of the best retirement systems in the world. If you were first hired after December 31, 1983, on an appointment with retirement coverage, you are covered by FERS. You are also covered if you transferred to FERS during a FERS open season.