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quitclaim
[ kwit-kleym ]
noun
- a transfer of all one's interest, as in a parcel of real estate, especially without a warranty of title.
verb (used with object)
- to quit or give up claim to (a possession, right, etc.).
quitclaim
/ ˈkwɪtˌkleɪm /
noun
- a formal renunciation of any claim against a person or of a right to land
verb
- tr
- to renounce (a claim) formally
- to declare (a person) free from liability
Word History and Origins
Origin of quitclaim1
Word History and Origins
Origin of quitclaim1
Compare Meanings
How does quitclaim compare to similar and commonly confused words? Explore the most common comparisons:
Example Sentences
Most quitclaim deeds will require the following elements to be considered valid:
There are no protections offered in the quitclaim deed, which is one reason why it is not used as often as the general warranty deed.
If you’re going through a divorce, planning your estate or getting married and need to transfer real estate property, a quitclaim deed may be your best alternative.
You would use a quitclaim deed for property that is not involved in a sale.
The main purpose of a quitclaim deed is to transfer the ownership of real estate from one person to another.
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