trust deed Antonyms
No Synonyms and anytonyms found
Meaning of trust deed
Wordnet
trust deed (n)
a written instrument legally conveying property to a trustee often used to secure an obligation such as a mortgage or promissory note
trust deed Sentence Examples
- A trust deed is a legal document that transfers property ownership to a trustee.
- The trust deed specifies the terms and conditions under which the trustee holds the property.
- Trust deeds are commonly used in real estate transactions to secure a loan.
- The borrower signs a trust deed that grants the lender a security interest in the property.
- The trustee's primary responsibility is to hold the property in trust for the benefit of the lender.
- The lender has the right to foreclose on the property if the borrower defaults on the loan.
- In the event of a default, the trustee may sell the property to satisfy the outstanding debt.
- The trust deed may also include provisions for insurance, maintenance, and repairs.
- Trust deeds are an important tool for lenders to protect their financial interests.
- It is crucial to understand the terms and conditions of a trust deed before signing it.
FAQs About the word trust deed
a written instrument legally conveying property to a trustee often used to secure an obligation such as a mortgage or promissory note
No synonyms found.
No antonyms found.
A trust deed is a legal document that transfers property ownership to a trustee.
The trust deed specifies the terms and conditions under which the trustee holds the property.
Trust deeds are commonly used in real estate transactions to secure a loan.
The borrower signs a trust deed that grants the lender a security interest in the property.
