Meaning of the word grantee in English

What does grantee mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

grantee

US /ɡræn'tiː/
UK /ɡrɑːn'tiː/

Noun

a person to whom a grant or conveyance is made

Example:
The grantee received the deed to the property.
The contract clearly identifies the grantee and grantor.