Legal Instrument

Deed
A legal document in writing that conveys an interest in land (real estate) from the grantor to the grantee, primarily functioning to transfer the title of the land.
Execute
The term 'execute' can have multiple meanings depending on the context, including legal, procedural, and computational applications.
Perjury
Perjury is the criminal offense of making false statements under oath, typically in a judicial proceeding. While traditionally limited in scope to judicial settings and material matters, statutes in many jurisdictions now encompass false swearing in various legal instruments or settings.
Power of Attorney (POA)
Power of Attorney (POA) is a legal instrument that allows one person (the principal) to appoint another (the agent or attorney-in-fact) to act on their behalf in various capacities, such as managing property or financial matters.
Quitclaim Deed
A Quitclaim Deed is a legal instrument that conveys only the right, title, or interest that the grantor currently has in a property, without guaranteeing that the grantor actually has any specific title or interest in the property. The grantor, under a Quitclaim Deed, releases whatever interest they may have to the grantee.
Seal
In common law, a seal is an impression on wax or another substance capable of being impressed, used to attest to the execution of an instrument. The term 'seal' and the letters 'L.S.' (locus sigilli, 'place of the seal') are commonly used for the same purpose today.

Accounting Terms Lexicon

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