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 ?
NAB's Deputy Prosecutor General Sardar Muzaffar Khan Abbasi on Tuesday filed the application seeking action against Ms Nawaz for producing the bogus trust deed before the accountability court to conceal the London properties.
While recording her statement under Section 342 of the Criminal Procedure Code (CrPC) in the Avenfield reference filed by the National Accountability Bureau (NAB) for the second consecutive day, Maryam pointed out several flaws in the way the trust deeds were examined.
A trust deed relating to the school means that any proceeds from its sale will have to be used for religious education purposes.
A Spokesperson from Trust Deed Scotland Company, Scottish Trust Deed commented by saying;
The trust deeds sold by Sunburst were unquestionably legitimate throughout most of the three decades the two men did business together, Huntingdon says.
Ways through which regulations may be incorporated into trust deeds
The holder of the first trust deed, another lending institution, will be taken out by a new lender.
While reading from the JIT report, Pervaiz said the JIT based its opinion on Radley's report and concluded that the trust deeds were fabricated.
ISLAMABAD -- The son-in-law of ousted premier Nawaz Sharif, Capt (retd) Mohammad Safdar testified before an accountability court on Tuesday, saying he signed the trust deeds of offshore companies - Nielsen and Nescoll - as a witness.
She claimed the attested copies of trust deeds submitted by them were genuine but the Joint Investigation Team (JIT) had deliberately termed them false to implicate her and her husband Capt (r) Muhammad Safdar.
Sharif told the accountability court that UK solicitor Akhtar Riaz Raja had sent to forensic expert Robert William Radley the photocopies of two trust deeds related to the aforementioned offshore companies.
Nawaz stated that Jeremy Freeman had verified trust deeds of Comber Group, Nielsen and Nescol on January 5, 2017.