term:

Delivery

delivery n

pl: -er·ies
: an act that shows a transferor's intent to make a transfer of property (as a gift)
;esp
: the transfer of possession or exclusive control of property to another

actual delivery
: a delivery (as by hand or shipment) of actual physical property (as jewelry or stock certificates)

conditional delivery
: a delivery after which ownership will be transferred upon fulfillment of a condition compare gift causa mortis at gift NOTE: A conditional delivery is usually made in order to make a transfer revocable.

constructive delivery
: a delivery of a representation of property (as a written instrument) or means of possession (as a key) that is construed by a court as sufficient to show the transferor's intent or to put the property under the transferee's control called also symbolic delivery

Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.