The following description best characterizes which instrument listed below: "A debtor deeds legal title to an independent third party who holds the deed as security for the creditor."

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This is a description of a deed of trust, a type of mortgage where the borrower (debtor) gives legal title of the property to a neutral third party (trustee) who holds it as security for the lender (creditor). The trustee has the power to sell the property if the borrower defaults on the loan.

The Following Description Best Characterizes Which Instrument Listed Below: "A