quitclaim

/ˌkwɪtˈkleɪm/

/ˈkwɪtkleɪm/

Other forms: quitclaims

A quitclaim is an act of giving up your ownership of a property and transferring it to another person. If your grandmother signs her house over to your dad, that's a quitclaim.

The legal term quitclaim can be used generally to mean "abandoning any claim on a property," or more specifically for a type of legal document that does the same thing. A quitclaim allows a person to transfer property to another person with a simple deed. The basic idea is that all the rights and claims of being a property owner are relinquished and legally turned over to someone else.

Definitions of quitclaim

1. noun

   act of transferring a title or right or claim to another
   type of:

   transfer, transference

   transferring ownership
2. noun

   document transferring title or right or claim to another
   synonyms: quitclaim deed

   type of:

   conveyance

   document effecting a property transfer