Legal English Word of the Day: trust deed

Word: trust deed Definition: A type of mortgage where title is held by a trustee to secure payment of a loan, used in some states instead of traditional mortgages. Sample Sentence: The buyer financed the home through a trust deed rather than a standard mortgage. Why It Matters: Trust deeds affect foreclosure procedures and lender rights in secured transactions. Quick Tip: Check whether your state uses trust deeds or mortgages. They follow different legal processes. Source: https://dictionary.law.com