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Quitclaim deed. A quitclaim deed is a legal instrument which is used to transfer interest in real property. The entity transferring its interest is called the grantor, and when the quitclaim deed is properly completed and executed, it transfers any interest the grantor has in the property to a recipient, called the grantee.
â¢ COUNTERCLAIM (noun). The noun COUNTERCLAIM has 1 sense: 1. a claim filed in opposition to another claim in a legal action. Familiarity information: COUNTERCLAIM used as a noun is very rare. â¢ COUNTERCLAIM (verb). The verb COUNTERCLAIM has 1 sense: 1. set up a claim in opposition to a previous claim. Familiarity information: COUNTERCLAIM used as a verb is very rare.