noun
a written instrument legally conveying property to a trustee often used to secure an obligation such as a mortgage or promissory note
• Syn: ↑deed of trust
• Topics: ↑law, ↑jurisprudence
• Hypernyms: ↑legal document, ↑legal instrument, ↑official document, ↑instrument
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noun : a deed conveying property in trust and often used as a mortgage to secure an obligation
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a written instrument legally conveying property to a trustee, such as a bank, often for the purpose of securing a mortgage or promissory note. Also called deed of trust.
[1745-55]
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trust deed noun
A deed conveying property to a trustee
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Main Entry: ↑trust
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trust deed,
a deed to property, held in trust to secure payment of a debt. It is in the nature of a mortgage.
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n. Law a deed of conveyance creating and setting out the conditions of a trust
Useful english dictionary. 2012.