 |
Definition of 'Trust Deed'
1. A formal document which outlines the terms of a trust agreement.
2. A common way to structure real estate purchases, where the title to a property is held in trust until the loan for the property is paid.
|
 |
Investopedia explains 'Trust Deed'
1. A trust deed is often used when mutual funds are set up as a trust. Information that may be documented includes the powers of the trustee and any restrictions on investment vehicles.
2. Used to add security to a property purchase, the trustee does not get involved in the agreement unless there is a default on the loan, at which time the trustee would sell the property.
|
|
|
