trust deed

Definition of "trust deed"
  1. A document used in some states that transfers the title of a property to a trustee as security for a loan. The title is returned to the borrower once the loan is paid off. If the borrower cannot pay, the trustee can sell the property and repay the lender
How to use "trust deed" in a sentence
  1. The house was purchased using a trust deed, with the bank being the trustee.
  2. Upon loan default, the trust deed enabled the trustee to sell off the apartment.
  3. The trust deed was recorded to secure the loan for the commercial property.

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