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Trust Deed |
Also found in: Dictionary/thesaurus, Financial, Wikipedia | 0.06 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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Although it doesn't come up very often, clients sometimes will want to invest their retirement funds in trust deeds or realty ownership. If convicted, Redman could face up to six years in prison on criminal charges: 30 counts of grand theft, filing false trust deeds and selling land without obtaining a required public report. With this innovative calculator, investors can handily investigate "what if" scenarios when working with Trust Deeds and Discounted Notes. |
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trust deeds