Related Words

General Warranty Deed: A deed in which the grantor fully warrants good clear title to the premises. Used in most real estate deed transfers, a general warranty deed offers the greatest protection of any deed.

Covenant Of Warranty Forever: The grantor promises to compensate the grantee for the loss sustained if the title fails at any time in the future. These covenants in a general warranty deed are not limited to matters that . . . View Full Definition

Warranty Deed: A deed in which the grantor fully warrants good clear title to the premises, also called a general warranty deed. The usual covenants of title are covenant of seisin (possession), covenant o . . . View Full Definition

Grant Deed: A type of deed in which the grantor warrants to the grantee, that he has not previously conveyed the estate, that he has not encumbered the property (except as noted in the deed) and that he . . . View Full Definition

Gift Deed: A deed in which the consideration is love and affection. Because the deed is not supported by valuable consideration, the donee (recipient of the gift) may not be able to enforce against the . . . View Full Definition

Generally Recognized As Safe (GRAS): A regulatory category created for a group of food additives that were exempted from the more rigorous regulatory requirements for food additives in the 1958 Food Additives Amendment to the F . . . View Full Definition

Home Warranty Insurance Policy: An insurance policy that insures against plumbing, electrical, heating, and major appliance problems for the term of the policy.

Generally Accepted Auditing Standards (GAAS): Auditing standards developed by the AICPA.

Limited-Tax General Obligation Bond: A general obligation bond of a government backed by specified or constrained revenue sources.

Limited Warranty: A warranty with certain conditions and limitations on the parts covered, type of damage covered, and/or time period for which the agreement is good.