Quitclaim Deed

A quitclaim deed is a term used in property law to describe a document by which a person (the "grantor") disclaims any interest the grantor might have in a piece of real property, and passes that claim to another person (the grantee). A quitclaim deed neither warrants nor professes that the grantor's claim is actually valid. By comparison, a grant deed (or in some U.S. States, a warranty deed), which is normally used for real estate sales, contains certain warranties that vary from State to State. Quitclaim deeds are sometimes used for transfers between family members, gifts, or to eliminate clouds on title, or in other special or unusual circumstances.
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Noun
1. document transferring title or right or claim to another
(synonym) quitclaim
(hypernym) conveyance
(classification) law, jurisprudence

A deed that transfers the owner's interest to a buyer but does not guarantee that there are no other claims against the property.

By the laws of Connecticut, it is the common practice there for the owner of land to execute a quit claim deed to a purchaser who has neither possession nor pretence of claim, and as by the laws of that state the delivery of the deed amounts to the delivery of possession, this operates as a conveyance without warranty. It is, however, essential that the land should not, at the time of the conveyance, be in the possession of a stranger, holding adversely to the title of the grantor.

contracts. A release or acquittal of a man from all claims which the releasor has against him.
   

This entry contains material from Bouvier's Legal Dictionary, a work published in the 1850's.