Final answer:
A deed of gift is a legal document used to transfer property without payment to a family member or loved one, while a dedication by deed is the transfer of land to the public for public use, also without payment.
Step-by-step explanation:
In the context of property transactions, a deed of gift and a dedication by deed refer to different legal concepts but both involve the transfer of property without consideration. A deed of gift is a legal document that transfers ownership of property from one person to another without any payment or consideration. It is often used to gift property to a family member or a loved one. On the other hand, dedication by deed occurs when a property owner transfers land to the public for public use, such as for roads, parks, or schools. This is also done without consideration, but the purpose is for the benefit of the public rather than for a private individual.