A deed is a legal document, also known as a legal instrument, that transfers the title (or the right of ownership) in an asset from one party to another. The individual transferring the asset is known as the grantor and the one receiving the right of ownership, or title, is known as the grantee.
The most commonly known type of deed is a property deed, which transfers the title of ownership of a piece of property from the grantor to the grantee. However, there are other types of deeds. One example is a deed of protest.