(ii) transfers title to the buyer,
It is commonly used to convey title to real estate today, and it effectively transfers [to the new owner] whatever interest the grantor had. It is often combined with a COVENANT AGAINST GRANTOR’S ACTS. Such covenants are assurances that the grantor has not impaired the title by – for example – conveying the property (or part of it) to someone else.
compare quitclaim deed; warranty deed.