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 ?
Further, the two trust deeds also bore multiple staple pin holes, however the number of staple holes on top pages of the two deeds and below appended pages were different, leading to the finding that the subsequent pages were substituted.
The rate for protected trust deeds increased in 24 of the 32 local authorities in 2015/16 as compared with the previous year.
In the 19th century, schools were often donated to the Church by way of a trust deed.
One of the things he wanted us to invest in was a trust deed, with Borstelmann - $10,000.
Box 2 explains how the requirements set by regulation might be incorporated into trust deeds.
Let's say that you are the beneficiary under a second trust deed on a parcel of commercial real estate.
8220;While it is great news that fewer people are becoming bankrupt or signing trust deeds, in reality, we are simply witnessing a change in the type of debt problem people are experiencing.
There were 2564 protected trust deeds - voluntary arrangements, falling short of bankruptcy, for paying off debts - up 36 per cent up on the same period in 2008.
Clients and business partners say Borstelmann was in the business of selling high-value second trust deeds - privately funded second mortgages - on Southern California real estate.
Investor Plus fills this void, answering questions about Trust Deeds, Cash Flow, Depreciation, etc.