Trust Deed


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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.

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)

References in periodicals archive ?
The increased figure for new Protected Trust Deeds is no surprise.
The alliance results in a "personalized solution that conforms to each individual client workflow and management style," said Sharma, who added that the service is "priced to reflect our efficiency and the size and capacity of our processing partner, Standard Trust Deed.
Coun Alden added: "The Charities Commission presented a modern trust deed for us to agree and that includes a clause to sell land if we want to.
The trustees monitor the deposit taker's compliance with the trust deed and regularly assess and monitor the NBDT's business operations and performance to ensure that depositors are adequately protected.
The Trust Deed stipulated that the Memorial Lecture was to be:
Let's say that you are the beneficiary under a second trust deed on a parcel of commercial real estate.
The syndicated acquisition of the Carmona Garden Apartments complements Crawford Park Financial's successful Hard Money Loan / Trust Deed investment business.
Robert William Radley, who had identified the use of Calibri font in the trust deed of the property during the Panama Papers case probe by a Joint Investigation Team, told the accountability court that Calibri was one of the types of clear fonts that Microsoft had introduced in 2005.
Maryam Nawaz in the Avenfield apartments corruption reference has been facing the charge of producing an alleged forged trust deed before the Supreme Court of Pakistan that was scripted in Calibri font and as per the joint investigation team (JIT) report Calibri font was not in the market in 2006 at the time when trust deed was prepared, and hence it was forged.
ISLAMABAD -- Pakistan Tehreek-e-Insaf (PTI) leader Jahangir Tareen reacted to the verdict of the Supreme Court of Pakistan, questioning the disqualification verdict and asking why he was declared ineligible on the basis of mere interpretation of the trust deed.
Justice Umar Ata Bandiyal noted that it is clear in the trust deed submitted by Tareen that there are two lifetime beneficiaries of the trust.
She informed the trust deed was prepared by Hussain Nawaz for equal divide between the both spouses in accordance with Shariah.