trust deed

American  

noun

1. a written instrument legally conveying property to a trustee, such as a bank, often for the purpose of securing a mortgage or promissory note.

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trust deed British  

noun

1. a document that transfers the legal title to property to a trustee

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Etymology

Origin of trust deed

First recorded in 1745–55

Example Sentences

The investigators say that she produced a forged trust deed about the London apartments.

From New York Times • Jul. 15, 2017

Like Carnegie, she adds that: "Barrow wrote the trust deed in such a way as to give trustees of the future absolute discretion."

From BBC • Sep. 17, 2012

A trust deed, guaranteeing Rinehart, who is chairwoman of Hancock, control over the company “doesn’t mean the ability to control every single share,” Brereton said.

From BusinessWeek • Oct. 7, 2011

The trust deed said the assets could be reassigned if “any doubts may arise relating to the continuity of the life of the diocese”.

From Economist • Jan. 6, 2011

Where the trust deed is meant to take the place of a mortgage to secure a debt payment, the property is deeded to a third party known as a "trustee."

From Business Hints for Men and Women by Calhoun, Alfred Rochefort