Deed of trust

Indenture. The New York Times Financial Glossary

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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 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.

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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 — deed of trust/ Sometimes called a trust deed A 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 …   Financial and business terms

  • 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 — 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

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