reconveyance
- noun
- /ˌriːkənˈveɪəns/
- Formal
- The reconveyance document confirmed that the bank transferred ownership of the house back to the Johnsons after they paid off their mortgage.
Examples
-
After the final payment, we received the reconveyance, which officially returned the property to its original owners.
-
The undersigned hereby substitutes Georgia Reconveyance Company...
-
Once the loan was settled, the reconveyance was filed, ensuring that the title of the property was now in my name.
Synonyms
A legal document that transfers property to new owners
The return of land or rights to a former owner
An official process that legally transfers ownership of property between people
Antonyms
How Returned
- Formal
Surface Forms
Morphology
Etymology
The word reconveyance comes from the prefix re- meaning 'again' and convey meaning 'to carry' or 'to transfer', like a conveyor that carries things. So, a reconveyance is the 'transfer again' that returns a property to its owner after a loan or mortgage is paid.