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deed to secure debt

   Also found in: Acronyms 0.02 sec.
deed to secure debt

A type of mortgage used in a few states; the title to the property is transferred to the lender until the debt is paid in full. Contrast with deed of trust which is employed in states called title theory states, and with true mortgages which are employed in states called lien theory states.The deed to secure debt is a hybrid of the two theories.



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