Trust Deed in United States
Trust Deed Definition
A form of mortgage in use in Missouri and some other states, and in the District of Columbia. A deed is made in trust with a power of sale, and the power is exercised for the mortgagee’s benefit. Similar deeds are frequently made by railroad companies or other corporations to secure bond issues where of necessity the creditors secured are very numerous.
Trust Deed in Foreign Legal Encyclopedias
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Trust Deed | Trust Deed in the World Legal Encyclopedia. |
Trust Deed | Trust Deed in the European Legal Encyclopedia. |
Trust Deed | Trust Deed in the Asian Legal Encyclopedia. |
Trust Deed | Trust Deed in the UK Legal Encyclopedia. |
Trust Deed | Trust Deed in the Australian Legal Encyclopedia. |
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Browse the American Encyclopedia of Law for Trust Deed
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Trust Deed | Trust Deed in the Family Law Portal of the American Encyclopedia of Law. |
Trust Deed | Trust Deed in the IP Portal of the American Encyclopedia of Law. |
Trust Deed | Trust Deed in the Commercial Law Portal of the American Encyclopedia of Law. |
Trust Deed | Trust Deed in the Criminal Law Portal of the American Encyclopedia of Law. |
Trust Deed | Trust Deed in the Antritrust Portal of the American Encyclopedia of Law. |
Trust Deed | Trust Deed in the Bankruptcy Law Portal of the American Encyclopedia of Law. |
Trust Deed | Trust Deed in the Constitutional Law Portal of the American Encyclopedia of Law. |
Trust Deed | Trust Deed in the Tax Law Portal of the American Encyclopedia of Law. |
Trust Deed | Trust Deed in the and Finance and Banking Portal of the American Encyclopedia of Law. |
Trust Deed | Trust Deed in the Employment and Labor Portal of the American Encyclopedia of Law. |
Trust Deed | Trust Deed in the Personal Injury and Tort Portal of the American Encyclopedia of Law. |
Trust Deed | Trust Deed in the Environmental Law Portal of the American Encyclopedia of Law. |
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Legal Issue for Attorneys
A form of mortgage in use in Missouri and some other states, and in the District of Columbia. A deed is made in trust with a power of sale, and the power is exercised for the mortgagee’s benefit. Similar deeds are frequently made by railroad companies or other corporations to secure bond issues where of necessity the creditors secured are very numerous.
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Notice
This definition of Trust Deed is based on The Cyclopedic Law Dictionary. This entry needs to be proofread.
Plain-English Law
Trust Deed as defined by Nolo’s Encyclopedia of Everyday Law (p. 437-455):
The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers title to the property to a trustee often a title company which holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower.
Practical Information
Note: Some of this information was last updated in 1982
An agreement (sometimes called “trust agreement” or “trust indenture”) between a corporation and a trustee who serves as a “guardian” of bondholders’ interests. It sets forth all the terms and conditions of a bond issue, and the rights, powers, and duties of the parties to the bond issue (in U.S. law). These parties are the corporation that borrows the money, the trustee through whom the corporation deals with the bondholders, and the bondholders. The bond and the deed of trust constitute the bondholders’ contract with the corporation. See also indenture (in U.S. law); corporate mortgage bond (in U.S. law); deed of trust (in U.S. law).
What is Trust Deed?
For a meaning of it, read Trust Deed in the Legal Dictionary here. Browse and search more U.S. and international free legal definitions and legal terms related to Trust Deed.
Package Trust Deed in the context of Real Estate
Resurces
See Also
- Package Mortgage
Purchase Money Trust Deed in the context of Real Estate
Resurces
See Also
- Purchase Money Mortgage
Trust Deed in the context of Real Estate
Resurces
See Also
- Deed of Trust