Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• QUIT CLAIM DEED
  
  A document by which title to real estate is conveyed from one party, the grantor, to another party, the grantee. The distinguishing characteristic of a quit claim deed is that it transfers only such interest, title, or right that the grantor has at the time of conveyance to the grantee. A quit claim deed is common in divorce or other situations such as equitable interests, in which the grantor’s interest is not clearly defined.
  
  Back