deed of trust

Definitions

A legal instrument in some states that conveys title to a property to a trustee to be held as security for a loan until the debt is repaid.

A document used in real estate transactions that functions similarly to a mortgage, involving a borrower, a lender, and a neutral third-party trustee.

Examples

The borrower signed the deed of trust to secure the loan against the property.

A deed of trust is a legal document that transfers the title of a property to a trustee until the mortgage is paid off.

Before closing on the house, the attorney reviewed the deed of trust to ensure all terms were accurate.

Synonyms

mortgage security instrument trust deed collateral agreement lien document real estate security promissory note security

Antonyms

unsecured loan promissory note personal guarantee deed of reconveyance release of lien satisfaction of mortgage