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Glite Dictionary
trust deed

trust deed

7.1
A document that gives property to a trustee as security for a loan
  • noun
  • /trʌst did/
  • Specialized
translation icon : escritura de fideicomiso
  • More specifically, it suggests that the courts ought, in calibrating duties, to be very attentive to the nature of and balance between powers conferred on protectors and trustees respectively under a given trust deed.

Examples

  • Insurance come-ons, certificates of deposit, trust deeds, treasury notes, equity loans.

    Fiction book (1990)

  • And you'll achieve that sense of stature As your influence expands To the high financial strata That established credit now commands You can purchase first and second trust deeds

    Mary Poppins (1964)

  • The precise concatenation of powers, or forms of standing granted to a protector, will depend upon what the lawyer drafting the trust deed aims to accomplish for the settlor by making provision for a protector.

    Academic text (2018)

  • A trust deed is a legal document that allows a trustee to manage the property on behalf of the borrower.

  • When securing a mortgage, the bank requires a trust deed to ensure the loan is backed by the property's value.

  • The home buyer signed a trust deed to transfer ownership to the trustee until the mortgage was fully paid.

Synonyms

deed of trust
vstrust deed
  • Formal
2 8.4

A document that gives a person control of property to make sure a home loan is repaid

is the same legal document but called differently in some regions
mortgage deed
vstrust deed
  • Formal
7.1

A document that says a bank can take your property if you do not pay back a loan

transfers property to an independent trustee who holds security for the loan

Surface Forms

trust deed singular
trust deeds plural

Morphology

trust + deed

The compound is compositionally built from 'trust' (a legal arrangement) + 'deed' (a legal document), so a learner who knows those senses can infer it refers to a document concerning a trust. However, the precise legal function (transfer to a trustee or use as security for a loan/mortgage) is domain-specific and may not be fully predictable to a B1 learner without legal exposure, making it only partially transparent.

Etymology

Trust deed comes from the idea of a deed (a paper that shows who owns something) and trust (giving it to someone to hold). With a trust deed, an owner gives property to someone else to hold until a loan is paid, so the phrase means 'a legal document that gives property to someone to hold as security for a loan'.