Open-End Trust Deed: An expandable loan in which the borrower is given a limit up to which he or she may borrow, with each incremental advance to be secured by the same trust deed.

 

Related Words

Open-End Trust Deed: An expandable loan in which the borrower is given a limit up to which he or she may borrow, with each incremental advance to be secured by the same trust deed.

Revocable Trust: A revocable trust is a living trust that can be modified or revoked by the grantor, or person who establishes the trust and transfers property to it. The trust can be a useful estate-plannin . . . View Full Definition

Revisionary Trust: An irrevocable trust that becomes a revocable trust after a certain amount of time.

Resolution Trust Corporation: The organization created by FIRREA to liquidate the assets of failed savings and loan associations.

Release Deed: A document, also known as a deed of reconveyance, that transfers all rights given a trustee under a deed of trust loan back to the grantor after the loan has been fully repaid.

Resolution Trust Corporation (RTC): A government agency established in 1989 and disbanded in 1996 that administered federal savings and loan institutions that were insolvent between 1989 and August 1992 by either bailing them . . . View Full Definition

Rural Development Trust Fund: Authorized under the FAIR Act of 1996 the trust fund is used to distribute Rural Community Assistance Program funds. Funds are allocated among states based on such factors as rural populatio . . . View Full Definition

Special Warranty Deed: A deed in which the grantor warrants or guarantees the title only against defects arising during the period of his or her tenure and ownership of the property and not against defects existin . . . View Full Definition

Sherman Antitrust Act: A federal act which established as national policy the concept of a competitive marketing system by prohibiting companies from attempting to (1) monopolize any part of trade or commerce or ( . . . View Full Definition

Sherman Anti-Trust Act: The 1890 law is considered the foundation of federal anti-monopoly policy. Passed partly as an outgrowth of congressional investigations into alleged price collusion among large meat packers . . . View Full Definition