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Grant Deed

Categories: Real Estate

Doesn't that sound like a movie star's name?

Maybe it is. But in this context, it's a piece of paper (or electronic data) which confirms ownership of a property.

The deed was...yes, granted, usually upon payment by the buyer of cash, the rights to own something. The grant can apply to a range of things, but usually applies to the purchase and ownership of real estate.

Find other enlightening terms in Shmoop Finance Genius Bar(f)