Deed Of Release
For example, when most individuals purchase a home, they do so with the help of a mortgage offered by a financial institution. When a home buyer obtains a mortgage to finance the purchase of real estate, the bank providing the funds for the mortgage doesn't just lend them the money in good faith - the bank takes a legal claim against the house as collateral. Once the home owner pays off all the money the bank lent them for the mortgage, the bank would write a deed of release, ending their claim against the house.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
deed of release — index quitclaim, waiver Burton s Legal Thesaurus. William C. Burton. 2006 deed of release … Law dictionary
deed of release — Formerly, the term seems to have been applied only to deeds conveying all the right, title, and interest of the grantor to a grantee who already had some estate in possession in the land released, but in modern usage it is not one of the… … Ballentine's law dictionary
release — I To discharge a claim one has against another, as for example in a tort case the plaintiff may discharge the liability of the defendant in return for a cash settlement. To lease again or grant new lease. See accord and satisfaction II A writing… … Black's law dictionary
deed — A conveyance of realty; a writing signed by grantor, whereby title to realty is transferred from one to another. National Fire Ins. Co. v. Patterson, 170 Okl. 593, 41 P.2d 645, 647. A written instrument, signed, and delivered, by which one person … Black's law dictionary
deed — 1 n 1: something done: act (1) my free act and deed 2: a written instrument by which a person transfers ownership of real property to another see also deliver … Law dictionary
release — re·lease 1 vt re·leased, re·leas·ing 1 a: to relieve or free from obligation, liability, or responsibility the debtor is released from all dischargeable debts b: to give up (a claim, title, or right) to the benefit of another person: surrender … Law dictionary
deed — [n1] achievement accomplishment, act, action, adventure, ballgame, big idea*, bit, byplay, cause, commission, crusade, do, enterprise, exploit, fact, feat, follow through, game, happenin’*, performance, plan, quest, reality, securing, stunt,… … New thesaurus
Deed — For the British cargo ship, see SS Deed. Property law … Wikipedia
release deed — A deed of quitclaim. 23 Am J2d Deeds § 16. Formerly, the term seems to have been applied only to deeds conveying all the right, title and interest of the grantor to a grantee who already had some estate in possession in the land released, but in… … Ballentine's law dictionary
deed — Broadly defined, a writing sealed and delivered by the parties; in the modern sense, an instrument conveying real property or an interest therein. 23 Am J2d Deeds § 1. See absolute deed; bargain and sale; quitclaim deed; release and quitclaim;… … Ballentine's law dictionary