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guardian deed. Court appointed deed given to a guardian in charge of the sale of real estate. A guardian deed is granted when the original owner is incapable of making decisions regarding their personal affairs or property.
DEFINITION of 'Deed'. A legal document that grants the bearer a right or privilege, provided that he or she meets a number of conditions. In order to receive the privilege-usually ownership, the bearer must be able to do so without causing others undue hardship.