Trust Deed

Also found in: Dictionary, Thesaurus, Financial, Acronyms, Wikipedia.

Trust Deed

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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

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)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
References in periodicals archive ?
"Jim taught me everything I know about trust deeds," Huntingdon says.
"We have written to the commission accepting their ideas for modernising the trust deed. But we aren't going to sell anything at all.
Trustees negotiate and agree on a trust deed, which contains the financial and reporting responsibilities of the deposit taker, consistent with the requirements set by regulation.
Although the Trust Deed provided that the intervals between lectures should not exceed two years, this has not always been observed.
The anti-corruption watchdog maintained that the charge of submitting fake trust deed was dismissed during the indictment in the Avenfield reference against Maryam Nawaz.
Yesterday, Judge Muhammad Bashir issued the summon notice to Maryam on a plea of the National Accountability Bureau (NAB) seeking her trial for allegedly submitting a fake trust deed in London flats case.
AC-I Judge Muhammad Bashir issued the summon notice to the PML-N leader on an application of National Accountability Bureau (NAB) seeking a trial against Maryam for allegedly submitting the fake trust deed in London flats case.
An accountability court in Islamabad on Tuesday summoned Maryam Nawaz, vice president of the PML-N, over the use of a bogus trust deed in the Avenfield properties case after the National Accountability Bureau (NAB) moved an application before accountability judge Mohammad Bashir.
According to Radley, Calibri font was not commercially available in February 2006 when the trust deed was signed.
It is pertinent to mention here that Radley had called the veracity of the trust deed into question.
Commenting on the letters from Jeremy Freeman in January 2017, Nawaz said Freemans letters confirm the trust deed of the property.