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trust deed

 

1. A formal document which outlines the terms of a trust agreement.

2. A common way to structure real estate purchases, where the title to a property is held in trust until the loan for the property is paid.

Investopedia Says:
1. A trust deed is often used when mutual funds are set up as a trust. Information that may be documented includes the powers of the trustee and any restrictions on investment vehicles.

2. Used to add security to a property purchase, the trustee does not get involved in the agreement unless there is a default on the loan, at which time the trustee would sell the property.

Related Links:
This arrangement allows you to have more control over your estate - both before and after your death. Establishing A Revocable Living Trust
Money can be a powerful motivator - why not use it to teach your heirs positive lessons? Encouraging Good Habits With An Incentive Trust


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Business Dictionary: Trust Deed
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Conveyance of real estate to a Third Party to be held for the benefit of another. It is commonly used in some states in place of mortgages that conditionally convey title to the lender.

Insurance Dictionary: Trust Indenture
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Document setting out the responsibilities of

a borrower, such as a corporation issuing bonds, and the powers of a trustee who will be looking after the interests of the bondholders.

Real Estate Dictionary: Trust Deed
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A Conveyance of real estate to a Third Party to be held for the benefit of another. Commonly used in some states in place of Mortgages that conditionally convey Title to the lender.
Example: Same as Deed of Trust.

Law Encyclopedia: Trust Deed
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This entry contains information applicable to United States law only.

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.

A trust deed, also called a deed of trust or a Potomac mortgage, is used in some states in place of a mortgage.

 
 

 

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Investment Dictionary. Copyright ©2000, Investopedia.com - Owned and Operated by Investopedia Inc. All rights reserved.  Read more
Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Insurance Dictionary. Dictionary of Insurance Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved.  Read more
Law Encyclopedia. West's Encyclopedia of American Law. Copyright © 1998 by The Gale Group, Inc. All rights reserved.  Read more