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.
The Federal Employees Retirement System (FERS) became effective January 1, 1987. All Federal civilian employees hired after this date are covered under FERS. FERS retirement eligibility is based on your years of service and minimum retirement age (MRA). FERS retirement plans provide benefits from a combination of the Basic Benefit Plan, Social Security and the Thrift Savings Plan (TSP).