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Trust Deed |
Also found in: Dictionary/thesaurus, Financial, Acronyms, Wikipedia | 0.09 sec. |
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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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? References in periodicals archive |
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: Roumm was senior vice president of marketing for SBS Trust Deed Network. Trustor Person who is borrowing money secured by a trust deed With more than $50 million in trust deed collections, the Hanford Group has four divisions: Hanford Home Loans Co. |
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Trust Deed
