Trustee

Business / Debt / Trustee: Usually an accountant (a qualified insolvency practitioner), a trustee acts for the creditors by managing the trust deed when a debtor agrees to sign over their assets into a trust deed or when they are declared bankrupt.

Trustee In Bankruptcy

Business / Debt / Trustee In Bankruptcy: One appointed by a bankruptcy court, and in whom the property of the bankrupt vests. The trustee holds the property in trust, not for the bankrupt, but for the creditors. MORE

Trustees Deed

Business / Real Estate / Trustees Deed: A deed executed by a trustee conveying land held in a trust. MORE

Trustees

Life Style / Time Shares / Trustees: Trustees of a resort property exist primarily to provide a secure backing in case a resort developer does not succeed financially. In the timeshare world, trustees are a financial institution or group MORE

Land Trusts

Business / Real Estate / Land Trusts: A few states permit the creation of land trusts, in which real estate is the only asset. As in all trusts, the title to the property is conveyed to a trustee, and the beneficial interest belongs to th MORE

Naked Title

Business / Real Estate / Naked Title: Bare title to the property, lacking the usual rights and privileges of ownership. A trustee in a deed of trust securing instrument may hold the title to a secured property, but only such title as is n MORE

Reconveys

Business / Real Estate / Reconveys: In satisfying a deed of trust, the trustee reconveys full title to the borrower. MORE

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