What does 'title' refer to in property ownership?

In property ownership, the term 'title' specifically refers to ownership represented by a physical document registered with the state. This document evidences the legal rights to own, use, and transfer the property. When a title is established and recorded, it serves to protect the interests of the owner, confirming their legal claim to the property against any potential disputes. This formal registration also ensures that the ownership is recognized by law, which is essential for transactions involving the property, such as selling or mortgaging it. Thus, option B accurately captures the essence of what a title is in the context of property ownership.