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Term Definition
WaiverThe voluntary and intentional relinquishment of a known right, claim or privilege
 
WarrantyA legal, binding, promise, given at the time of a sale, whereby the seller gives the buyer certain assurances as to the condition of the property being sold.
 
Warranty DeedA deed used in many states to convey fee title to real property. A warranty deed contains provisions under which the seller becomes liable to the purchaser for defects in or encumbrances on the title.
 


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