信托契约

名词

full

deed of trust

noun

Definitions of deed of trust

a document ensuring a loan is paid in which a borrower transfers the legal ownership of real property to a trustee (=person holding title for benefit of another) to be held for the benefit of the lender or to be sold if the borrower fails to pay for the loan

The court's approval was required in order to revise Mr William's original deed of trust.