Deed

DEFINITION of 'Deed'

A legal document that grants the bearer a right or privilege, provided that he or she meets a number of conditions. In order to receive the privilege - usually ownership, the bearer must be able to do so without causing others undue hardship. A person who poses a risk to society as a result of holding a deed may be restricted in his or her ability to use the property.

Deeds are most known for being used to transfer the ownership of automobiles or land between two parties.

BREAKING DOWN 'Deed'

For example, an individual who holds a deed for a particular section of land has a legal right to possess that land, but may not be able to build a shooting range on it because of the danger it would pose. In other cases, a holder of the title to a piece of property may be able to own the land but, for environmental reasons, not be allowed to develop it.

Some other popular examples of deeds are commissions, academic degrees, licenses to practice, patents and powers of attorney, each of which grant the holder a given right or privilege.

RELATED TERMS
  1. Grant Deed

    A legal document used to transfer ownership of real property. ...
  2. Register Of Deeds

    A record of real estate deeds or other land titles that is maintained ...
  3. Warranty Deed

    A type of document that may be used to legally transfer property. ...
  4. Special Warranty Deed

    A special warranty deed is a deed in which the seller warrants ...
  5. Deed Of Release

    A legal document that removes a previous claim or lien on an ...
  6. Bearer Share

    An equity security that is wholly owned by whoever holds the ...
Related Articles
  1. Home & Auto

    Understanding Property Deeds

    We help you figure out the terminology and types of deeds, and how to make it legal.
  2. Home & Auto

    What's a Special Warranty Deed?

    A special warranty deed is a deed in which the seller guarantees the title only against defects that occurred during his ownership of the property.
  3. Home & Auto

    Five Things To Know About Quitclaim Deeds

    General warranty deeds provide the buyer with the most protection; quitclaim deeds provide the least.
  4. Investing

    There Are More Ways To Invest In Land Than You Think

    You don't have to have a huge amount of capital to invest in land. You have many other options, including land-related ETFs and ETNs.
  5. Real Estate

    How to Keep a Land Investment From Going Bust

    Investing in land can yield big returns. But investors should consider their goals, as well as the following details, to make the deal a success.
  6. Home & Auto

    Uncover The Next Real Estate Hot Spot

    Real estate land speculation is a way to get in on a hot investment before a boom hits.
  7. Retirement

    Holding Titles On Real Property

    Find out how best to claim and convey ownership on your assets.
  8. Economics

    How Property Rights Affect Economies

    Property rights are laws governments create that enable investors to control, benefit from, and transfer property.
  9. Home & Auto

    Condo-Buying Walkthrough: Condo Characteristics

    Condominium ownership is considered a hybrid form of ownership because it falls outside traditional structures of property ownership. Certain legal and technical characteristics help define condominium ...
  10. Savings

    5 Free Or Low-Cost Legal Services

    Legal fees have never been more expensive. Here are some ways for you to save on legal fees while still getting reliable advice.
RELATED FAQS
  1. What is a fiduciary deed and when is it useful?

    Understand what a fiduciary deed is and under what circumstances it should be used. Learn about the principles behind its ... Read Answer >>
  2. What is the difference between real estate and real property?

    Understand how real estate is legally different from real property and the implications of that difference for each property ... Read Answer >>
  3. How can my husband inherit a house deed?

    My mother in law wants to know the best way to leave the deed to her house to her son (my husband). Should it be left in ... Read Answer >>
  4. What do we need to do to make an agreement for the purchase of the ownership shares?

    The house belonged to my grandparents who are deceased. In my grandmother's will everything was to be left to her 5 grandchildren. ... Read Answer >>
  5. How are rights distributed in a rights offering?

    Learn about stock rights offerings that companies may make, and discover how the rights are distributed among the company's ... Read Answer >>
Hot Definitions
  1. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  2. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  3. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  4. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
  5. Basis Point (BPS)

    A unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument. The basis point is commonly ...
  6. Sharing Economy

    An economic model in which individuals are able to borrow or rent assets owned by someone else.
Trading Center