What is a grant?

   In law, grant signified originally a transfer of incorporeal rights relating to land, which on account of their nature could not properly be conveyed by feoffment with livery of seisin. In this case, delivery of the deed in which the grant was embodied had the same effect as the actual or symbolical delivery of corporeal property. Now, however, the latter also is conveyed by deed of grant, feoffment with livery of seisin being obsolete, both in England and in the United States, where indeed it never had much footing.
   The phrase "grant of personalty" is commonly used for any transfer of chattels for valuable consideration, and includes conveyances by way of bargain and sale, bill of sale, and assignment.