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Từ vựng:

deed of trust

Giải nghĩa:

/diːd ʌv trʌst/ – Phrase


Definition: Văn bản cam kết.

A more thorough explanation: a document ensuring a loan is paid in which a borrower transfers the legal ownership of real property to a trustee (=person holding title for benefit of another) to be held for the benefit of the lender or to be sold if the borrower fails to pay for the loan

Example: The court’s approval was required in order to revise Mr William’s original deed of trust.

 

 
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