Related Words

Trustor: The borrower under a deed of trust is a trustor.

Trust Deed: 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 a . . . View Full Definition

Trustee: Usually an accountant (a qualified insolvency practitioner), a trustee acts for the creditors by managing the trust deed when a debtor agrees to sign over their assets into a trust deed or w . . . View Full Definition

Trust: When you believe the ball will come back from a position very close to the gutter. I am really trusting the ball.

Living Trust: An arrangement in which a property owner (trustor) transfers assets to a trustee who assumes specified duties in managing the asset. After payment of operating expenses and trustees fees, th . . . View Full Definition

Deed Of Reconveyance: A document used to transfer legal title from the trustee back to the borrower (trustor) after a debt secured by a deed of trust has been paid to the lender (beneficiary).

Land Trusts: A few states permit the creation of land trusts, in which real estate is the only asset. As in all trusts, the title to the property is conveyed to a trustee, and the beneficial interest bel . . . View Full Definition