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Grant

To confer, give, or bestow. A gift of legal rights or privileges, or a recognition of asserted rights, as in treaty.

In the law of property, the term grant can be used in a deed to convey land, regardless of the number and types of rights conferred or the promises made by the transferor to the transferee. It is a comprehensive term that encompasses more specific words of transfer, such as assign, bargain, and devise.

A public land grant is a conveyance of ownership or other rights and privileges in publicly owned property to members of the general public who come under the qualifications of the statute that makes the land available. Such a grant is ordinarily noted in a public record, such as a charter or patent. In order to properly trace the ownership of property, it is sometimes necessary to determine each successive owner following the first grant.

A private grant is a grant of public land by a public official to a private individual as a type of reward or prize.

grant

v. to transfer real property from a title holder (grantor) or holders to another (grantee) with or without payment. However, there is an important difference between the types of deeds used. A grant deed warrants (guarantees) that the grantor (seller) has full right and title to the property, while a quit claim deed only grants whatever the grantor owns (which may be nothing) and guarantees nothing. (See: grantee, grantor, grant deed)

grant

the creation of an interest in property and its vesting in a person (the grantee). In modern conditions, the word ‘grant’ denotes the creation of an inferior interest out of an interest retained by the grantor, e.g. the grant of a lease of land by the person holding the freehold.

GRANT, conveyancing, concessio. Technically speaking, grants are applicable to the conveyance of incorporeal rights, though in the largest sense, the term comprehends everything that is granted or passed from one to another, and is applied to every species of property. Grant is one of the usual words in a feoffment, and differs but little except in the subject-matter; for the operative words used in grants are dedi et concessi, "have given and granted."
     2. Incorporeal rights are said to lie in grant and not in livery, for existing only in idea, in contemplation of law, they cannot be transferred by livery of possession; of course at common law, a conveyance in writing was necessary, hence they are said to be in grant, and to pass by the delivery of the deed.
     3. To render the grant effectual, the common law required the consent of the tenant of the land out of which the rent, or other incorporeal interest proceeded; and this was called attornment. (q. v.) It arose from the intimate alliance between the lord and vassal existing under the feudal tenures., The tenant could not alien the feud without the consent of the lord, nor the lord part with his seigniory without the consent of the tenant. The necessity of attornment has been abolished in the United States. 4 Kent, Com. 479. He who makes the grant is called the grantor, and he to whom it is made the grantee. Vide Com. Dig. h. t.; 14 Vin. Ab. 27; Bac. Ab. h. t. 4 Kent, Com. 477; 2 Bl. Com. 317, 440; Perk. ch. 1; Touchs. c. 12; 8 Cowen's R. 36.
     4. By the word grant, in a treaty, is meant not only a formal grant, but any concession, warrant, order, or permission to survey, possess or settle; whether written or parol, express, or presumed from possession. Such a grant may be made by law, as well as by a patent pursuant to a law., 12 Pet. R. 410. See, generally, 9 A. & E. 532; 5 Mass. 472; 9 Pick. 80.

GRANT, BARGAIN, AND SELL. - By the laws of the states of Pennsylvania, Delaware, Missouri, and Alabama, it is declared that the words grant, bargain, and sell) shall amount to a covenant that the grantor was seised of an estate in fee, freed from encumbrances done or suffered by him, and for quiet enjoyment as against all his acts. These words do not amount to a general warranty, but merely to a covenant that the grantor has not done any acts nor created any, encumbrance, by which the estate may be defeated. 2 Binn. R. 95 3 Penna. R. 313; 3 Penna., R. 317, note; 1 Rawle, 377; 1 Misso. 576. Vide 2 Caines R. 188; 1 Murph. R. 343; Id. 348; Ark. Rev. Stat, ch. 31, s. 1; 11 S. & R. 109.

References in periodicals archive ?
VP of Software Engineering Guido Bertocci was granted 210,400 SRs.
Alterations and change of use from farm building to house at Stenhouse Farm, Tynron, Thornhill - granted conditionally.
Does the policy stipulate that all options are to be awarded at fair market value on the day the award is granted? What specific authority, if any, has the board delegated to the CEO or other officers?
For example, Notice 2005-1 states that "the amount required to purchase stock under the option (the exercise price) may never be less than the fair market value of the underlying stock on the date the option is granted."
123 must establish an opening pool of excess tax benefits included in APIC related to all awards granted and settled in periods beginning after December 15, 1994, "as if" the company had been accounting for stock awards under the Statement no.
A resident with artistic interests was granted a boat ride across the harbor to view the Wind Point lighthouse, a landmark that is a focal point for local artists.
They repurchase shares when the options are granted, instead of waiting until they are exercised.
Taking into account the increasing use by corporations of partnerships and limited liability companies for joint ventures, it is noteworthy that ISOs cannot be granted to employees of partnerships (or other entities, such as limited liability companies, that are treated as partnerships for tax purposes), even if the partnership is controlled by a corporation that has adopted or could adopt an ISO plan.
* Many annulments are granted in cases that do not go through the judicial process.
Planning applications decided in Dumfriesshire recently: | House at land adjacent Oakville, Maxwelltown Station Road, Dumfries - Granted conditionally.
The Corporate Grants Management System Must Provide An Interface To The Corporate Oracle Financial Management System To Enable Automated Production Of Grant Payments .The Corporate Grants Management System May Include An Interface To The National Gmis System To Update Details Of Leo Grants Applied For And Granted. The Corporate Grants Management System Must Have The Ability To Produce Standard And Ad-Hoc Reports, Using Dcc Corporate Reporting Tools.
Incentive stock options (ISOs) are options granted to individuals for any reason connected with their employment by a corporation to purchase the stock of such corporation.