Deed of trust

Deed of trust

A deed held in trust by a third party. In such a situation, the borrower transfers the title to a trustee who retains the title until a loan debt is repaid. A form of mortgage in some states.

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Part of Speech: noun
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Industry/Domain: Business services
Category: Relocation
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Related terms

deed of trust

Business services; Relocation

A deed held in trust by a third party. In such a situation, the borrower transfers the title to a trustee who retains the title until a loan debt is repaid. A form of mortgage in ...

deed of trust

Financial services; General Finance

See: Indenture

deed of trust

Real estate; General

The document used in some states instead of a mortgage; title is conveyed to a trustee.

deed of trust

Real estate; General

A document which transfers title in a property to a trustee, whose obligations and powers are stipulated. Often used in mortgage transactions.

deed of trust

Law; Legal services; General law

A document, similar to a mortgage, by which a person transfers the legal ownership of land to independent trustees to be held until a debt on the land is paid off. Compare with ...

deed of trust

Banking; Personal banking

A three-party document conveying interest in property, almost always real estate, to a trustee. In many states, deeds of trust are used instead of mortgages. In those states, the ...

bridge loan

Business services; Relocation

A loan that is provided to an employee by his/her company to assist in purchasing a destination home when the departure home has not yet sold. The loan is typically interest free.