Definition of Conveyance:
The term conveyance refers to the act of transferring property from one party to another. The term is commonly used in real estate transactions when buyers and sellers transfer ownership of land, building, or home. This is done using an instrument of conveyance—a legal document such as a contract, lease, title, or a deed. The document stipulates the agreed-upon purchase price and date of actual transfer, as well as the obligations and responsibilities of both parties.
In finance, the term conveyance represents the act of legally transferring property from one entity to another. So when two parties engage in the sale of a piece of property, they transfer ownership through a conveyance. For instance, when a car owner legally signs the title over to a buyer, they are engaged in a conveyance.
The legal process of transferring property from one owner to another.
Voluntary transfer of a right from one living person to another.
The action or process of transporting someone or something from one place to another.
Transfer of ownership (title) of land from a seller to a buyer through a document called a deed because it cannot be transferred otherwise (by a mere contract of sale). Such transfer effected through a will is not a conveyance.
Synonyms of Conveyance
Transportation, Transport, Carriage, Carrying, Transfer, Transference, Movement, Delivery, Abalienation, Abstraction, Air express, Aircraft, Airfreight, Airlift, Alienation, Amortization, Amortizement, Annexation, Announcement, Appropriation, Asportation, Assignation, Assignment, Bargain and sale, Barter, Bearing, Bequeathal, Boosting, Carriage, Carrier, Carry, Carrying, Cartage, Cession, Charter, Conferment, Conferral, Consignation, Consignment, Conversion, Conveyancing, Deed, Deeding, Deliverance, Delivery, Demise, Disclosure, Disposal, Disposition, Drayage, Embezzlement, Enfeoffment, Exchange, Expressage, Ferriage, Filching, Fraud, Freight, Freightage, Giving, Graft, Haulage, Hauling, Impartation, Imparting, Impartment, Lease and release, Liberation, Lifting, Lighterage, Lugging, Medium of transportation, Notification, Packing, Pilferage, Pilfering, Pinching, Poaching, Portage, Porterage, Publication, Railway express, Sale, Scrounging, Settlement, Settling, Sharing, Shipment, Shipping, Shoplifting, Snatching, Sneak thievery, Snitching, Stealage, Stealing, Surrender, Swindle, Swiping, Telling, Telpherage, Theft, Thievery, Thieving, Toting, Trading, Transfer, Transference, Transit, Transmission, Transmittal, Transport, Transportation, Transporting, Transshipment, Truckage, Vehicle, Vesting, Waft, Waftage, Wagonage, Watercraft, Transfer, Transference, Transferral, Granting, Ceding, Devolution
How to use Conveyance in a sentence?
- If you are selling a property the final step to make sure it is official is the conveyance of ownership to the new party.
- He was building vessels for the conveyance of live cod.
- Protective measures that might be taken before the conveyance is concluded.
- We had to make sure we made it to the realtors office before Friday, in order to facilitate conveyance of the property via closing by the end of the month.
- The term is commonly used in real estate transactions when buyers and sellers transfer ownership of land, building, or home.
- When you finally get the conveyance finished the new property is yours for as long as you want it to be.
- Conveyance is the act of transferring property from one party to another.
- A conveyance is done using an instrument of conveyance—a legal document such as a contract, lease, title, or a deed.
Meaning of Conveyance & Conveyance Definition