Deed
Deed
Deed (/di:d/), from Old English dǣd, is a legal document that represents an agreement or contract between two or more parties. It is often used in the context of property transactions, where it serves as proof of ownership transfer.
Etymology
The term "deed" originates from the Old English word dǣd, which means "act" or "action". It has been used in legal contexts since at least the 14th century to refer to a signed and usually sealed document containing a binding agreement or contract.
Related Terms
- Contract: A legally binding agreement between two or more parties.
- Title (property): The legal term for a bundle of rights in a piece of property in which a party may own either a legal interest or equitable interest.
- Mortgage: A legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property.
- Conveyance: The act of transferring an ownership interest in real property from one party to another.
- Easement: A non-possessory right to use and/or enter onto the real property of another without possessing it.
Usage
In the field of Real Estate, a deed is a document that transfers ownership of property from one party (the grantor) to another (the grantee). It contains the names of the old and new owners and a legal description of the property, and is signed by the grantor.
In Law, a deed is any legal instrument in writing which passes, affirms or confirms an interest, right, or property and that is signed, attested, delivered, and in some jurisdictions, sealed.
External links
- Medical encyclopedia article on Deed
- Wikipedia's article - Deed
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