deed of trust

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Definitions from WordNet

Noun deed of trust has 1 sense

trust deed, deed of trust - a written instrument legally conveying property to a trustee often used to secure an obligation such as a mortgage or promissory note
--₁ is a kind of legal document, legal instrument, official document, instrument

Definitions from the Web

Term: Deed of Trust

Description:

A Deed of Trust is a legal document that is commonly used in real estate transactions, providing security to a lender. It is an agreement between a borrower, a lender, and a neutral third-party trustee. The deed outlines the terms and conditions of the loan and grants the lender a lien on the property as collateral.

Sample Sentences:

Before finalizing the mortgage, the buyer signed a deed of trust to secure the loan.
The lender requested a copy of the deed of trust to review the terms and protect their interests.
Upon defaulting on the loan, the borrower's property was foreclosed due to the presence of a deed of trust.

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