A method of financing real estate purchases, where the trust deed transfers title of a parcel of real estate to a trustee (usually a title company) who holds it as security on a loan. After the loan is paid off in the entirety, the title is transferred to the borrower. The trustee can act to sell the real estate in the event of a default by the borrower and the proceeds used to … [Read more...] about TRUST DEED
TRUST DEED
TRUST CORPUS
Latin meaning the body of the trust, also known as the res or the thing. It is the principal of the trust, the entire amount of the trust not including the income it generates. … [Read more...] about TRUST CORPUS
TRUST COMPANY
A company that is retained to act as trustee for a trust. … [Read more...] about TRUST COMPANY
TRUST
contracts, devises. An equitable right, title or interest in property, real or personal, distinct from its legal ownership; or it is a personal obligation for paying, delivering or performing anything, where the person trusting has no real. right or security, for by, that act he confides altogether to the faithfulness of those entrusted. This is its most general meaning, and … [Read more...] about TRUST
TRUE VALUE
The fair market value of an item. … [Read more...] about TRUE VALUE