What term would refer to a written document that indicates the transfer of land from one party to another?

The term that refers to a written document indicating the transfer of land from one party to another is "Conveyance." This legal document serves as evidence of the transaction, formally detailing the transfer of ownership rights in the property. It typically contains the names of the parties involved, a description of the property, and any specific terms and conditions related to the transaction.

In the context of land surveying and real estate, conveyances are crucial as they establish the legal basis for ownership and are often recorded in public land records to provide a chain of title. This ensures that future buyers can verify the ownership history and rights associated with the property.

The other options pertain to different concepts within real estate. "Deficiency" generally refers to a shortfall, often in financial contexts related to loans. "Bounds" typically relates to measurements or limits of land but does not pertain specifically to the act of transfer. "Color of Title" refers to a claim or evidence of ownership that appears valid but may not be legally effective. While these terms are relevant in the context of property and land rights, they do not represent the formal instrument used for transferring ownership like a conveyance does.