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 ?
Scottish Trust Deed provides help and advice on all aspects of Trust Deeds.
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.
The website also now features a new Debt Arrangement Scheme debt solution, as well as handy and unique online calculators that are easy to use; by entering a few simple details, the calculator will immediately let people know if they qualify for the Trust Deed or Debt Arrangement Scheme.
The Trustee-Manager will seek unitholders' approval for the necessary modifications to KGT's trust deed at an Extraordinary General Meeting, which will be held on 15 April 2014 immediately after its Annual General Meeting.
The costs of the Trust Deed are agreed between the Trustee and creditors, and costs are met from the payments you make to your Trust Deed.
Wilshire Finance Partners' trust deed investments vary according to interest rates, type of property, loan-to-value ratios, location of property and maturity dates.
uk</a>, a leading provider of Scottish Trust Deed service and expertise, announces that it will carry out a full review and overhaul of its Debt Arrangement Scheme (DAS) services to ensure that they comply with recent legislation changes.
David Goodwin signed the trust deed as chief manager of Goodwin Henry Properties.
The trust deed forum has been providing a resource in which people can ask questions about Scottish trust deeds, debt arrangement schemes, sequestration and debt management plans since 2008.
Issuer") constituted by the trust deed dated 11 February 1997
The protected trust deed is offered only in Scotland and is similar to the individual voluntary arrangement.