An instrument used to create a mort- gage lien by which the borrower conveys title to a trustee, who holds it as security for the benefit of the note holder (the lender); also called a deed of trust.
A document which transfers title in a property to a trustee, who's obligations and powers are stipulated. Often used in mortgage transactions.
A deed dated 21 August 1992 (as amended from time to time) between the Manager and the Trustee constituting Kiwi Income Property Trust. The 'Trust Deed' contains the terms upon which the Trust is governed.
An instrument which transfers (conveys) the bare legal title of a property to a trustee to be held pending fulfillment of an obligation, usually the repayment of a loan to a beneficiary.
also called Deed of Trust. It is a deed by which a trustor or borrower conveys legal title to a trustee as security for the payment of a debt.
A document where title to property is transferred to a third party trustee as security for a debt owed by the trustor (borrower) to the beneficiary (lender). In California the Trust Deed is used rather than a Mortgage.
a written instrument legally conveying property to a trustee often used to secure an obligation such as a mortgage or promissory note
a document recorded with a county recorder's office
a formal document, so you may need the help of a professional legal adviser to complete and execute it
a governing document which sets out the details of how a charity should be run
a legal arrangement that places property under the control of appointed trustees, to administer to the benefit of those named in the Deed or Will
a legal document for setting up a trust
a legal document that sets out how a foundation is to operate and for what purpose
a legally binding document used in mortgage financing
a signed and notarized legal document, a piece of paper that secures the note and loan you make to a particular piece of property
a written instrument which legally conveys property, to a trustee
(Deed of Trust) A conveyance of real estate to a third person to be held for the benefit of another. The Deed of Trust is usually recorded with the County records office. When the property owners borrow money against the property, usually the borrowers sign a Deed of Trust giving up title until their loan is paid in full.
A mortgage instrument widely used across the United States involving 3 parties, the lender or beneficiary, the borrower or trustor, and and independant stake holder or trustee. The trust deed is the security instrument for the note or debt.
A legal document wherin a buyer pledges real property as a guarantee for the repayment of a loan.
The document that secures the promissory note to your home and is recorded in the county as evidence of the debt.
An instrument used in place of a mortgage. Property is transferred to a trustee by the borrower (trustor), in favor of the lender (beneficiary), and reconveyed upon payment in full.
A document which sets out the rules that govern the operation of a unit trust or superannuation plan and the rights of investors in those products.
A form of debt relief where you're unable to pay your debts but have money tied up in assets, such as a house. Creditors can agree that you give everything you own to a trustee (usually an accountant) and sign a trust deed, which is legally binding. The trustee offers to pay your creditors as much as possible of what you owe them from the value of your assets. If it is a protected trust deed then the trust deed is a diligence stopper.
A form of mortgage by which a borrower or debtor conveys title to his property to a Trustee, usually a Public Trustee, who holds the title for the protection of a lender or creditor as a pledge or as security for the repayment of the loan or debt described in the instrument.
Legal instrument used in connection with a promissory note, which acts as the security instrument on a real estate financing transaction. Commonly and inaccurately referred to as “mortgages”. People “promise” to pay the money back, and just in case we file a “trust” deed to make sure.
The legal document governing the operation of a superannuation fund.
A three party security instrument conveying the legal title to real property as security for the repayment of a loan. The owner is called the "trustor". The neutral third party to whom the bare legal title is conveyed (and who is called on to liquidate the property if need be) is the "trustee". The lender is the "beneficiary". When the loan is paid off the trustee is directed by the beneficiary to issue a deed of reconveyance to the trustor, which extinguishes the trust deed lien.
Deed given by borrower to a trustee who holds title for security purposes until the borrower pays off a loan also called a Deed of Trust.
An agreement in writing under seal conveying property from the owner to a trustee for the accomplishment of objectives set forth in the agreement. Sometimes used to describe a deed of trust mortgage instrument.
A formal document that creates a trust. It states the purpose and terms of the name of the trustees and beneficiaries.
Trust deeds or other equivalent documents securing or constituting debt securities
An instrument under seal creating a trust.
The document which establishes a trust and sets out how the trust operates.
The deed by which one creates a trust or transfer property to a trust.
An instrument used in many states in place of a mortgage. Grants an interest in the property as collateral for a loan and, when recorded with the county, creates a lien having priority over later-filed mortgages or trust deeds.
A document, which sets out the rules for the establishment and operation of a fund/scheme.
The legal terms (documentation) under which a trust operates. It lists assets of trusts, trustees, beneficiaries and terms of trust.
A legal document, executed in the form of a Deed, which establishes, regulates or amends a trust. See Definitive Trust Deed.
A document that is used as security for a loan owed on real estate.
A formal legally binding agreement between an individual who is unable to pay their creditors and a licensed Insolvency Practitioner (the Trustee). The Trustee will put together a form of proposals to the Creditors for approval and administer the Trust Deed. A Trust Deed is a form of informal bankruptcy and is regulated by The Bankruptcy (Scotland) Act 1985. |The individual must be resident in Scotland.
The legal document that defines the purpose and operations of the foundation.
Just as with a mortgage, this is a legal document by which a borrower pledges certain real property or collateral as guarantee for the repayment of a loan.
An instrument given by the borrower to a third person (the trustee) vesting title to the property in the trustee's name as security for the borrower´s payment of the mortgage loan.
An instrument of conveyance of title to property wherein the transferee will be holding the title to the property on behalf of another person.
A trust deed is a legal document that sets out the Trust's constitution, objectives, purpose and also includes the rights, duties and responsibilities of the Trustee and beneficiaries if any (ie: both members and their dependants). The trust deed is a vital document as action taken by Trustees which is contrary to its terms can be challenged by other parties such as the beneficiaries.
In some states, as well as in the District of Columbia, a trust deed or deed of trust is a security resembling a mortgage, being a conveyance of lands to trustees to secure the payment of a debt, with a power of sale upon default, and upon a trust to apply the net proceeds to paying the debt and to turn over the surplus to the grantor.
A deed given by a borrower to a trustee to be held pending fulfillment of an obligation which ordinarily is the repayment of a loan to the beneficiary.
A security instrument resembling a mortgage that involves three parties, the lender (beneficiary), the borrower (trustor) and a neutral third party (trustee). The trustee has the power of sale upon default and can sell the property and transfer the money obtained at the sale to the lender as payment of the debt.
The instrument given by a borrower (trustor) to a trustee vesting title to a property in the trustee to ensure the borrower's fulfillment of an obligation. A mortgage.
A legal document which establishes and governs the operation of a trust.
A claim against real estate similar to a mortgage but title is held by a third party called a Trustee for the Beneficiary. (Same as a Deed of Trust)
A written document by which the title to land is conveyed as security for the repayment of a loan or other obligation. It is a form of mortgage. The landowner or debtor is called the "trustor." The party to whom the legal title is conveyed (and who may be called on to conduct a sale thereof if the loan is not paid) is the "trustee." The lender is the "beneficiary." When the loan is paid off, the trustee is asked by the beneficiary to issue a "recon" or reconveyance. This reconveyance corresponds to the release that the holder of a mortgage executes when the mortgage is paid off.
A type of deed that gives a mortgage lender the power to foreclose and take title away from the borrower if borrower becomes delinquent on the mortgage loan payments.
A real property security device (also called a deed of trust) very similar to a mortgage, except that there are three parties, the trustor, the trustee, and the beneficiary (the lender).
An asset protection trust document or instrument.
Same as a deed of trust; a three party security instrument conveying title to land as security for the performance of an obligation.
A formal document creating a trust, stating its objects, naming trustees and defining their powers and duties.
A conveyance of real estate to a third party to be held for the benefit of another. Commonly used in some states in place of mortgages that conditionally convey title to the lender.
This is a legal document used to: set up a trust ; change a trust ; or control a trust .
A common method of financing real estate purchases in several states. The trust deed transfers the title to the property to a trustee--often a title company--who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds. Also referred to as a deed of trust .
A deed that establishes a trust, an instrument that conveys legal title to a property to a trustee, stating the trustee's authority and the conditions that bind the trustee in dealing with the property.
Same as Deed of Trust and is the security investment that insures payment on a note.
The legal document that transfers ownership of a piece of property.
A document conveying title to trust property to the trustee and setting out the purposes for which a trust has been formed, the rights and obligations of the trustee, of the trust's manager and of the trust's beneficiaries.
A superannuation plan or unit trust agreement spelling out the methods of receipt, investment and disbursement of funds.
It is generally considered appropriate to establish an occupational pension scheme by way of a trust in order to separate the scheme assets (contributions) from those of the employer (company) and to ensure that the company does not become liable for the scheme. The trust will be established by way of a trust deed, and the assets will be the responsibility of the trustees (either individuals or a corporate trustee) who must act in the best interests of the beneficiaries i.e. the scheme members and pensioners.
This document establishes the legal constitution, structure and organisation of a unit trust*.The OEIC* equivalent is known as an instrument of incorporation*.
The Trust Deed attaches the note as a lien on the property. This is the document which conveys the ability to collect from the proceeds of the property.
A formal document which outlines investment objectives and policies when a mutual fund is initially established.
Conveyance of real estate to a third party that is to be held for the benefit of another.
A deed issued by the trustor (borrower) to the trustee (third party) on behalf of the beneficiary (lender) until such time that the promissory note is paid off.
A security investment used in some states in place of a mortgage that transfers title to the real estate to a third party, as trustee to be held as collateral security for the debt. Conditionally, the trustee shall reconvey the property upon full payment of the debt, or sell the property and pay the debt in the event of a default by the debtor.
Used in place of a mortgage in some states. Title is transferred to a trustee by the borrower, with the lender as beneficiary, until the loan balance has been paid.