Equitable Title Law and Legal Definition
Equitable title is the beneficial interest of a person whom equity regards as the real owner but the legal right vests with another. For example, a purchaser under a contract for sale has equitable title to the property s/he intended to purchase.
In the case of the vendee, the equitable title vests at once, although the bare legal title remains in the vendor as security for the payment of the purchase price. [In re Petition of S. R. A. Inc., 219 Minn. 493, 497 (Minn. 1944)]