A legal document that evidences an agreement of a borrower to transfer legal title to real property to an impartial third party, a trustee, for the benefit of a lender, as security for the borrower's debt.
A trust deed, also called a deed of trust or a Potomac mortgage, is used in some states in place of a mortgage.
"Trust Deed." West's Encyclopedia of American Law. . Encyclopedia.com. (April 18, 2019). https://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/trust-deed
"Trust Deed." West's Encyclopedia of American Law. . Retrieved April 18, 2019 from Encyclopedia.com: https://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/trust-deed