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If a claim to a piece of real property is based upon some written instrument, although a defective one, the person is said to have "color of title." A claim which has as its basis that which the law considers prima facie a good title, but which, by reason of some defect not appearing on its face, is not in fact a title.
Source
http://www.fairview-industries.com/webdocs/original-glossary.pdf