Meaning & use

trust deed

noun·Advancedlegallawfinance

Last updated

UK/ˈtrʌst diːd/
US/ˈtrʌst diːd/

Meanings

  1. nouncountablelegallawfinance

    A legal document that creates a trust and states how the trustee must manage and distribute the assets.

    Grammar: Countable: you can say 'a trust deed' or 'two trust deeds'.

    Patterns

    • draw up a trust deed
    • sign a trust deed
    • under the trust deed

    The family lawyer prepared a trust deed to protect the children's inheritance.

    Under the trust deed, the trustee must invest the money cautiously.

    They signed the trust deed in the presence of two witnesses.

  2. nouncountablefinancelegal

    A document that sets out the terms of a loan, especially when property is used as security.

    Grammar: Countable; often used in mortgage or bond contexts.

    Patterns

    • a trust deed for a loan
    • register a trust deed

    The bank required a trust deed before releasing the funds.

    The trust deed for the mortgage was registered at the land office.

Word forms

pluraltrust deeds

Common combinations

draw up a trust deed
The solicitor drew up a trust deed for the estate.
sign a trust deed
All parties must sign the trust deed before it takes effect.
under the trust deed
The trustee's powers are listed under the trust deed.
breach of trust deed
Failing to follow the trust deed can be a breach of trust.
trust deed agreement
The trust deed agreement was filed with the court.

Synonyms and how they differ

trust instrument
A more formal legal term for the same document; 'trust deed' is more common in everyday legal writing.
deed of trust
Often used in American English for a document that transfers property to a trustee as security for a loan.

Word family

trustee noun
A person or organization that manages assets held in a trust.
trust noun
The legal arrangement itself, or the assets held under it.

Commonly confused: trust deed or deed? trust deed or will?

trust deed vs deed

A deed is any formal legal document, especially one transferring property; a trust deed is a specific type of deed that creates or governs a trust.

trust deed vs will

A will takes effect after death, while a trust deed can take effect during life and often avoids probate.

Practice

The trustee's duties are clearly stated ______ the trust deed.

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