What is a deed?
The Bankrate.com financial term of the day is: "deed."
A deed is a piece of paper that says you own it and it's yours. It's document that conveys your right to a piece of property and is filed with your county so that anyone can see that you are -- indeed -- the owner.
When you own property and have to prove it, you need a deed.
Before you buy a home, shop for a great mortgage rate by visiting the rate tables at Bankrate.com.
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You go to buy a car. You have cash or financing in hand, but the dealer says, "Sorry, federal law requires a credit check. The Patriot Act, you know."
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