The grantor is the person who creates the living trust. She decides what property to include in the trust. She also decides who the beneficiaries of the trust will be. Because the trust is revocable until the grantor's death, she can change any part of the trust as often as she likes. The grantor is also known as the trustor.
As used in General Warranty Deeds, Special Warranty Deeds, Quit Claim Deeds and Sheriff's Deeds -- The party who conveys or gives real property to a grantee. In most instances, the grantor will voluntarily alienate himself from the real property ownership by use of a deed.
The person who is authorizing privileges for another. With one exception, delegation is governed by the general principle that you can give to others only privileges that you have, or a subset of what you have. The exception is the special case of Subsystem Owners who have "grant only" privileges for their Subsystem. When "acting as Signet", they have complete authority to initiate all privileges for a subsystem even though they cannot wield them.
The seller of a deed. Homeowners Association (HOA) - An organization which governs regulations and expenditures of a particular community. Each homeowner within the community is a member with voting privileges.
A person who grants another person or entity (an agent) the authority and power to act on behalf of the grantor in accordance with the powers set forth in a power of attorney document; or the powers set forth in a trust document.
An individual(s) or institution(s) who transfers real or personal property in trust to a trustee or trustees under directions to the trustee, usually contained in a written trust instrument or agreement, to hold, manage, invest, account for and distribute the property to the beneficiary or beneficiaries on the terms set forth in the trust instrument.
With the typical deed, the seller, current owner or provider of any conveyance is normally considered the grantor. Most states require that deed grantors be legally competent and be clearly and accurately identified in the deed. For more information, see the "Introduction to Deeds" article in the "Real Estate In-Depth" section.
The person/entity transferring title to real property by a deed. nterest The cost of borrowing money, usually expressed as a percentage over time. ien A charge on real property in order to secure payment or satisfaction of a debt or other obligation. Back to the Top
The person transferring title to, or an interest in, real property. A grantor must be competent to convey title. A corporate grantor must have legal existance and be authorized to hold and convey title to real property. The grantor must be clearly identified in the deed.
A person who creates a trust or transfers real property to another entity. In a U.S. grantor trust, the person responsible for U.S. income taxes on the trust. May have a reversionary interest in a trust.
A person who sells an option and assumes the obligation to sell (in the case of a call) or buy (in the case of a put) the underlying futures contract at the exercise price. Also referred to as an "Option Seller" or "Writer."
In investments, an options trader who sells a call or a put option and receives premium income for doing so. In the case of a call, the grantor sells the right to buy a security at a specified price. In the case of a put, the grantor sells the right to sell a security at a specified price. See: Call Option; Premium Income; Put Option
The maker, writer, or issuer of an option contract who, in return for the premium paid for the option, stands ready to purchase the underlying commodity (or futures contract) in the case of a put option or to sell the underlying commodity (or futures contract) in the case of a call option.
The grantor is the public entity responsible for the project (in this case, FDOT) that will enter into a concessionary agreement to grant the Concession, make payments, and supervise the projectâ€™s design, construction, operations and maintenance.
(also known as funder or funding agency) any legal entity, public or private, that awards grants to the school district, individual schools, or departments; grantors include local, state, or federal government agencies, private foundations, private or public non-profit organizations, and corporations.