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deed
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    Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia 0.06 sec.

deed

Legal document that passes an interest in property or binds a person to perform or abstain from some action. Deeds are of two kinds: indenture and deed poll. Indentures bind two or more parties in mutual obligations. A deed poll is made by one party only, such as when a person changes his or her name.

Bargain sale deeds convey title to property by contract but do not guarantee title unless they include a specific covenant to that effect; quitclaim deeds convey a grantor's interest but do not guarantee title; warranty deeds convey interest and guarantee title to the subject property.



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