1. vb. [Oil and Gas Business]
To convey whatever interests a grantor has at the time this particular instrument is executed. The grantor does this without warranty of title, either express or implied.
Alternate Form: quitclaim
2. n. [Oil and Gas Business]
A legal instrument of conveyance that is usually used in title curative work to allow an owner or claimant to quit or give up their claim to a title.