The term 'ownership record' can be summarized as a document that records the legal ownership of a property. The most common form of this document is a DEED, which is a four-letter word. A DEED is a legal document that transfers the title of a property from one person to another. It is typically signed by both parties and includes information such as the names of the parties involved, the address of the property, and any other relevant details. The DEED is then recorded in the public records, creating an official record of the transfer of ownership.