Definition of Grantee:
A person to whom a grant or conveyance is made.
A grantee is the recipient of a grant, scholarship, or some other asset, such as real estate property. In contrast, a grantor is a person or entity that conveys ownership of or interest in an asset to another person or entity: the grantee. Identifying the grantee and grantor is especially important in legal documents as specific duties, responsibilities, benefits, and limitations are assigned to each.
Eligible recipient of an easement, grant, or right, such as the one who is a beneficiary of a trust established by a grantor.
A grantee is the recipient of something granted or given. The term can be used in different contexts and across different industries and institutions. In real estate, the grantee takes title to the purchased property. In academia, a grantee is the recipient of a scholarship or grant, and in the investment industry, a grantee can be the recipient of stock options.
Synonyms of Grantee
Successor, Heiress, Next in line, Inheritor, Heir apparent, Heir presumptive, Heir-at-law, Descendant, Beneficiary, Legatee, Scion
How to use Grantee in a sentence?
- A grantee is the recipient of something, such as a college grant or real estate property.
- Legal documents, such as deeds, detail the transfer of assets between grantors and grantees.
- The type of legal document determines what limitations are placed on rights and interests transferred to a grantee.
- A grantor is a person or entity that gives interest in or ownership rights of an asset to another person or entity.
- The grantee sued the grantor upon his covenant to maintain the road.
Meaning of Grantee & Grantee Definition