Meaning of deed of trust In English

• 0 a legal agreement in which someone borrowing money allows another person called a trustee to be the owner of their property or assets until they pay back the loan. If the money is not paid back, the trustee can sell the property:

  • The corporation had loaned him $1 million through a second deed of trust on the property.

• 1 a legal document that creates a trust (= an organization which controls property or money for another person):

  • We bought it through a deed of trust, in which my mother has 60 shares, and the four of us have 10 each.