See Reconveyance Deed. Deed Of Trust - A written instrument transferring bare legal title to real property to a trustee to be held as security for an obligation. Also called a trust deed. The accepted form is presented to the trustee for approval before the execution thereof by the trustor and beneficiary and before recordation. The trustee is therefore duty-bound to perform if he accepts. The automatic form is the most widely used form. It contains a provision whereby the trustee named will accept his duties when the trust deed is properly executed, acknowledged, and recorded and provided he has approved the promissory note and deed of trust. The trustee is not usually aware of the appointment until called on to act in case of default by the trustor.