Deed

Definition

  • A document that provides title to property and is filed with a country recorder.

Notes
Used to transfer ownership of assets, often land or automobiles.

Synonyms
legal document, note, title, contract

Acronyms
D

Alternate Spellings
deed of land, title

Related Terms and Acronyms

  • Back Title Letter Definition,
    • A document that a title insurance company gives to an attorney specifying condition of the title.
  • Bill of Sale Deed (BSD)Acronym,
    • Certificate of Sale Definition,
      • An affidavit issued at a judicial or tax sale that entitles the buyer to the deed to the property purchased after court confirmation.
    • Certificate of Title Definition,
      • A written document stating that the title to a piece of property is legally vested in the present owner.
    • Chain of Title Definition,
      • Legal records that trace ownership of a property from the most recent owner to the original owner.
    • Claim Definition,
      • A creditor's assertion of a right to payment from a debtor or the debtor's property.
    • Clear Title Definition,
      • Title not burdened by liens or legal questions.
    • Closing Definition,
      • In real estate, the delivery of a deed, the payment of the purchase price, the signing of notes, and the paying of closing costs, which completes a real estate transaction.
    • Cloud on Title Definition,
      • A claim on title to property that could impair the ability to transfer ownership.
    • Contract For Deed (CFD) Acronym,
      • An agreement for sale of property in which the buyer takes possession while making payments, but the seller holds title until full payment is made. Also called a land contract.
    • Covenant Definition,
      • A promise made in a contract or property deed.
    • Deed to Secure Debt (DSD)Acronym,
      • Land Definition,
        • The solid ground of the earth. This can include everything under it and over it. For example, Condominium Acts do divide land horizontally thereby limiting the vertical ownership.
      • Land Contract (LC) Acronym,
        • An agreement for sale of property in which the buyer takes possession while making payments, but the seller holds title until full payment is made.
      • Reconveyance Definition,
        • The transfer of title to the borrower after a mortgage has been paid fully.
      • Title Definition,
        • Evidence of a person's right to possession ownership of a property.
      • Title Search Definition,
        • A check of public records to make sure that the owner of real property has the right to transfer ownership. A title search is designed to spot gaps in the chain of title, liens, problems with the legal description of the property, judgements against the owner, and the like.
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