The
Definition Of

Trust Deed (Settlement Deed, Declaration of Trust or Trust Instrument)

Trust Deed (Settlement Deed, Declaration of Trust or Trust Instrument) is document that lays down the foundations of how the trustees are to administer and manage the trust assets and how they are to distribute and dispose of trust assets during the lifetime of the trust.

Share it:

More from this Section

  • Avalisation of a Bill (Aval)
    Avalisation of a Bill (Aval) is a bank’s guarantee to honour payment of a Bill of Exchange. An irrevocable, unconditional promise to pay on the due date.
  • Note
    Note is a written contract between a borrowing customer and a bank describing the responsibilities of both parties.
  • Free On Board [FOB]
    Free On Board [FOB] is shipping term, which applies, when the goods are placed on board a ship by the seller at the port of shipment
  • Compensating deposit balances
    Compensating deposit balances is the required deposits a customer must keep with a bank as a condition for getting a loan.
  • Floating-rate note (FRN)
    Floating-rate note (FRN) refers to medium-term securities with interest rates pegged to LIBOR and adjusted quarterly or semiannually.
  • Range forward
    Range forward refers to a complex option position which combines the purchase of a put option and the sale of a call option with strike prices equidistant ...
  • Drawee
    Drawee is the individual or entity on whom a draft is drawn.