NOUN
- a written instrument legally conveying property to a trustee often used to secure an obligation such as a mortgage or promissory note
How To Use trust deed In A Sentence
- Trustees have a fiduciary duty to act in accordance with the trust deed and for the benefit of the beneficiaries.
- Under the trust deed I appoint a Government observer and am consulted on the appointment of the chairman.
- Even without the terms of a trust deed, an indemnity would arise, naturally, from the Trustee's office, Octavo Investments v Knight, for example.
- These trust deeds usually contain an expert clause about the remuneration of the trustee appointed under the deed.
- There is no restriction on the company's borrowing ability imposed by the bonds ' trust deed.
- Telegraphic Transfer (T/T): At the request of the buyer, the local bank sends a trust deed for payment by cable to a respondent bank at the seller's end and entrusts him to pay money to the seller.
- Under the trust deed I appoint a Government observer and am consulted on the appointment of the chairman.
- If debenture interest is not paid, the trust deed may allow the debenture holders to appoint a receiver to sell sufficient assets for the debenture to be paid.
- Protected trust deeds are less formal than sequestrations, since they do not involve any court process.
- All three schemes were regulated by trust deeds or rules which conferred on the trustees wide powers of investment.