Final answer:
The answer to the question is 'grant,' which indicates the conveyance of a fee simple interest in a property. The term 'grant' in a deed signifies the transfer of the most complete ownership form recognized by law, unless the deed specifies otherwise.
Step-by-step explanation:
The word grant contained in the conveyance provision in a grant deed indicates the conveyance of a fee simple interest to another individual, unless the deed states a lesser interest is conveyed. When we talk about fee simple interest, it means the highest level of land ownership where the owner is entitled to the full enjoyment of the property, which includes the right to sell or bequeath it. The term grant signifies that the grantor (the person transferring the property) is providing such an interest to the grantee (the person receiving the property), thereby ensuring that the grantee has the most complete form of ownership recognized by law.
If there are any restrictions or conditions that would result in a lesser interest being conveyed, these must be explicitly stated within the document. A grant deed not only transfers ownership but also typically implies certain covenants, such as the guarantee that the property has not been sold to someone else and is free from undisclosed encumbrances.