trust deed


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Trust deed

Agreement between trustee and borrower setting out terms of a bond.

Trust Deed

1. In real estate, an agreement in which the title to the property is held in a trust until the mortgage is paid. A trust deed is not given to the homeowner in order to provide an extra amount of security for the lender; the trustee for a trust deed does nothing except in the event of default, in which case the trustee sells the real estate.

2. An agreement stating the terms of a trust. A trust deed is most common when mutual funds are held in trust, and outlines the responsibilities and restrictions on the fund.

trust deed

See indenture.
References in periodicals archive ?
We enthusiastically embrace this alliance--not only for the opportunity it presents, but because there is such a good cultural fit between our companies," said Scott Myers, president and chief executive officer of Standard Trust Deed.
We have written to the commission accepting their ideas for modernising the trust deed.
By and large, these requirements are to be incorporated in the trust deed, which is a contract between the trustee and the deposit taker and contains covenants intended to ensure that the deposit taker manages its affairs prudently.
Although the Trust Deed provided that the intervals between lectures should not exceed two years, this has not always been observed.
The holder of the first trust deed, another lending institution, will be taken out by a new lender.
Mr Radley had earlier reported that the trust deed signed by Maryam Nawaz was prepared in Calibri font in February 2006 while the font was 'not commercially available' at that time.
Tareen also provided the court the trust deed regarding a 12-acre property he owns in the United Kingdom.
In the case of the Njamal People's Trust, the Trust Deed outlines that the funds are to be used for the primary purpose of relieving poverty, sickness, suffering, distress, misfortune or destitution.
If you decided to gift the money and were aware that your child was going to purchase the property with another person from the outset, your child should arrange to enter into a Trust Deed with the co-owner.
The former St Mir ren, Aberdeen and Dundee United manager agreed to a trust deed to avoid being sequestrated.
The agency said that as a result of having run down its cash reserves, the company is highly unlikely to be able to meet the debt service reserve accountA[cent sign]a'[not sign]a"[cent sign]s (DSRA) balance requirement under the Trust Deed on 30 July 2010.
One of the things he wanted us to invest in was a trust deed, with Borstelmann - $10,000.