Trust Deed
Defined in 4 dictionaries — Cyclopedic (1922), Ballentine's (1916), Bouvier (1914), Black's (1910)
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
A form of mortgage in use in Missouri and some other states, and in the_ District of Columbia. A deed is made in trust with a power of sale, and the power is exercised for the mortgagee's benefit. Similar deeds are frequently made by railroad companies or other corporations to secure bond issues where of necessity the creditors secured are very numerous.
Ballentine's Law Dictionary
James A. Ballentine · 1916
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
A deed given to a trustee for the purpose of securing a numerous class of creditors, as the bondholders of a railroad corporation, with power to sell on default in payment of their bonds, notes, or other claims. It is used in some states instead of a bond and mortgage in ordinary loans to an individual or corporation. TRUST ESTATES AS BUSINESS COM-
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
(1) A species of mortgage given to a trustee for the purpose of securing a numerous class of creditors, as the bondholders of a railroad corporation, with power to foreclose and sell on fnilure of the payment of their bonds, notes, or other claims. (2) In some of the states, and in the District of Columbia, a trust-deed is a security resembling a mortgage, being a conveyance of lands to trustees to secure the payment of a debt, with a power of sale upon default, and upon a trust to apply the net proceeds to paying the debt and to turn over the surplus to the grantor.
Defined under Trust in Black's Law Dictionary.