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Title

A "title" can be (1) the document that shows legal ownership of real or personal property or (2) a term that identifies an entity's ownership interest in property (in other words, when one "holds title" to a property is described as the "titleholder," it means they own the property). When the property is sold, title must be transferred to the new owner.

 

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   Pension Benefit Guaranty Corporation

The "PBGC" or "Pension Benefit Guaranty Corporation" is the federal body functioning under the jurisdiction of the U.S. Department of Labor, which is responsible for insuring benefits of participants of certain defined benefit plans.
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