trust deed

trust deed
trust deed see deed

Merriam-Webster’s Dictionary of Law. . 1996.

trust deed
It is generally considered appropriate to establish an occupational pension scheme by way of a trust in order to separate the scheme assets (contributions) from those of the employer (company) and to ensure that the company does not become liable for the scheme. The trust will be established by way of a trust deed, and the assets will be the responsibility of the trustees (either individuals or a corporate trustee) who must act in the best interests of the beneficiaries i.e. the scheme members and pensioners.

Easyform Glossary of Law Terms. — UK law terms.


trust deed
The most common instrument of financing real estate purchases in California and some other states (most states use mortgages). The trust deed transfers the title to the property to a trustee — often a title company — who holds it as security for a loan. When the loan is paid off, the title is transferred (reconveyed) to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can generally sell the property in a nonjudicial foreclosure and pay the lender from the proceeds.
Category: Bankruptcy, Foreclosure & Debt → Foreclosure
Category: Real Estate & Rental Property → Buying a House

Nolo’s Plain-English Law Dictionary. . 2009.


trust deed
A legal document that evidences an agreement of a borrower to transfer legal title to real property to an impartial third party, a trustee, for the benefit of a lender, as security for the borrower's debt.

Dictionary from West's Encyclopedia of American Law. 2005.


trust deed
A legal document that evidences an agreement of a borrower to transfer legal title to real property to an impartial third party, a trustee, for the benefit of a lender, as security for the borrower's debt.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

trust deed
n.
   another name for a deed of trust, a form of mortgage used in some states, in which title is transferred to a trustee to protect the lender (beneficiary) until the loan is paid back.
   See also: deed of trust

Law dictionary. . 2013.

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