Deed of Trust
/ˈdiːd əv trʌst/
Definitions
- (n.) A legal instrument in which property is transferred to a trustee as security for a loan or obligation.
The borrower executed a deed of trust to secure the mortgage loan.
Forms
- deeds of trust
Related terms
See also
Commentary
A deed of trust differs from a mortgage by involving a third-party trustee who holds the title until the debt is repaid, streamlining foreclosure processes in some jurisdictions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.