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Trust Deed

   Also found in: Dictionary/thesaurus, Financial, Acronyms, Wikipedia 0.01 sec.

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)



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If you enter into a Trust Deed you should set out in your will who is to be the beneficiary of your share of the value in the property.
A total of 6294 personal insolvencies - either bankruptcies or protected trust deeds - were recorded in the first three months of this financial year.
And we account for $23 million of that," his son says, referring to the trust deed purchases involving Florence residents and the Huntingdons' friends and family.
 
 
 
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