Definition: A formal document that records, creates, transfers, or affects legal rights or obligations. Deeds, mortgages, contracts, and wills are examples.
Example
A deed is the instrument used to convey the seller's interest in real property.
Keep the distinction clear
An instrument is the document, while the underlying right is the interest it affects. Execution, delivery, recording, and enforceability requirements vary by document.
Related terms
Keep studying
Deeds, Abstracts, Title Opinions, and Title Insurance
References: California DRE: real estate glossary
Pronunciation (US): IN-struh-ment (capitals show stress)
Pronunciation reference: Merriam-Webster
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