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From The Collaborative International Dictionary of English v.0.48:
Quitclaim \Quit"claim`\, v. t. [imp. & p. p. Quitclaimed (kw[i^]t"kl[=a]md`); p. pr. & vb. n. Quitclaiming.] (Law) To release or relinquish a claim to; to release a claim to by deed, without covenants of warranty against adverse and paramount titles. [1913 Webster]