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I hate to admit that I don't truthfully know...and I've researched the topic rather thoroughly. My best guess is that it was originally used to indicate the extent to which an intangible concept was certain or official, most likely as it pertained to business/finance, i.e. "Once I pay my share, will I have ownership ("ownership", of course, being technically an intangible concept) of the property?"

Obviously, this question wouldn't have been answered merely with the word "indeed"; I think it's safe to assume that a fair degree of simplification has occurred as the term has gradually shifted out of its original context. "Yes, it is in deed" (yes, in paper, and therefore empirically verifiable, it is recognized to be a fact) seems more likely.

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14y ago

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