Definition
A deed transferring whatever interest the grantor has in property, if any, with zero warranties or guarantees. The 'I might own this, I might not, good luck!' document of real estate transfers.
Example Usage
After the divorce, he signed a quit claim deed removing his name from the title, but remained liable on the mortgage.
Origin
From medieval English 'quite' meaning 'to release or relinquish claim'
Fun Fact
Quit claim deeds are perfect for family transfers but terrible for arm's-length sales—you could literally receive a deed from someone with zero ownership rights and have no recourse.
Source: Common law property conveyance standards
Related Terms
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See “quit claim deed” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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