quitclaim
To relinquish or release (a claim, title, etc.); to transfer (an interest in property).
transitive
It introduced a bill into the legislature that allowed the king to quitclaim all of Ruth's lands in return for Spreckels gaining title to 24,000 crucial acres at Wailuku, near Spreckelsville.
Where it comes from
From Middle English quiteclaymen, from Anglo-Norman quiteclamer, from clamer quite (“to claim quit”). Compare claim quit.
Adapted from the Wiktionary entry quitclaim (CC BY-SA 4.0).