deed of trust
- deed of trust/ Sometimes called a trust deedA three-party document conveying interest in property, almost always real estate, to a trustee. In many states, deeds of trust are used instead of mortgages. In those states, the trustee holds the deed in favor of the lender and then reconveys the title to the borrower when the loan is paid in full. American Banker Glossary————See: indenture
* * *in the US, a change of ownership of a property to a trustee as security in case the owner of the property fails to do something such as repay a loan:
• A notary forged deeds of trust against people's houses and got away with $1.8 million.
* * *deed of trust UK US noun [C] (plural deeds of trust)► US LAW a legal agreement in which someone borrowing money allows another person called a trustee to be the owner of their property or assets until they pay back the loan. If the money is not paid back, the trustee can sell the property: »
The corporation had loaned him $1 million through a second deed of trust on the property.► (also trust deed) a legal document that creates a trust (= an organization which controls property or money for another person): »
We bought it through a deed of trust, in which my mother has 60 shares, and the four of us have 10 each.
Financial and business terms. 2012.
Look at other dictionaries:
deed of trust — see deed Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. deed of trust n. A deed … Law dictionary
Deed of trust — can refer to: *Trust deed (real estate) in law, a form of mortgage *A legal trust instrument *Deed of Trust (album) music album … Wikipedia
Deed of trust — Indenture. The New York Times Financial Glossary * * * deed of trust ˌdeed of ˈtrust noun deeds of trust PLURALFORM [countable] LAW PROPERTY FINANCE in the US, a change of ownership of a property to a … Financial and business terms
deed of trust — A conveyance creating a trust in real estate; a conveyance given as security for the performance of an obligation, which is generally regarded as containing the elements of a valid mortgage. 36 Am J1st Mtg § 16. A species of deed which is in the… … Ballentine's law dictionary
deed of trust — noun a written instrument legally conveying property to a trustee often used to secure an obligation such as a mortgage or promissory note • Syn: ↑trust deed • Topics: ↑law, ↑jurisprudence • Hypernyms: ↑legal document, ↑legal instrument, ↑ … Useful english dictionary
deed of trust. — See trust deed. * * * … Universalium
deed of trust. — See trust deed … Useful english dictionary
deed of trust — document which gives a person legal responsibility (for property, etc.) … English contemporary dictionary
Deed of Trust (album) — For the legal term, see Trust deed Infobox Album Name = Deed of Trust Type = studio Artist = Circuit Riders Released = 2000 Recorded = Genre = Length = Label = Producer = Reviews = Last album = This album = Next album = Deed of Trust is an album… … Wikipedia
deed — 1 n 1: something done: act (1) my free act and deed 2: a written instrument by which a person transfers ownership of real property to another see also deliver … Law dictionary