trust deed

n (Law) a document that transfers the legal title to property to a trustee

Thesaurus

Noun

trust deed - a written instrument legally conveying property to a trustee often used to secure an obligation such as a mortgage or promissory notedeed of trustlegal document, legal instrument, official document, instrument - (law) a document that states some contractual relationship or grants some rightlaw, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"

Trust Deed

A legal document that evidences an agreement of a borrower to transfer legal title to real property to an impartial third party, a trustee, for the benefit of a lender, as security for the borrower's debt.

A trust deed, also called a deed of trust or a Potomac mortgage, is used in some states in place of a mortgage.

trust deed

n. another name for a deed of trust, a form of mortgage used in some states, in which title is transferred to a trustee to protect the lender (beneficiary) until the loan is paid back. (See: deed of trust)

trust deed

Trust deed

Agreement between trustee and borrower setting out terms of a bond.

Trust Deed

1. In real estate, an agreement in which the title to the property is held in a trust until the mortgage is paid. A trust deed is not given to the homeowner in order to provide an extra amount of security for the lender; the trustee for a trust deed does nothing except in the event of default, in which case the trustee sells the real estate.

2. An agreement stating the terms of a trust. A trust deed is most common when mutual funds are held in trust, and outlines the responsibilities and restrictions on the fund.

trust deed

See indenture.

See TRD

See TD

trust deed

noun

Synonyms for trust deed

noun a written instrument legally conveying property to a trustee often used to secure an obligation such as a mortgage or promissory note

Synonyms

deed of trust

Related Words

legal document
legal instrument
official document
instrument
law
jurisprudence

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