A ________ is an instrument that gives a creditor a security interest in the debtor's real property that is pledged as collateral for a loan.

Question

Quizplus · Accepted Answer

A deed of trust is a legal document that gives a lender a security interest in a borrower's property, which is pledged as collateral for a loan. The lender becomes the beneficiary of the trust, and the borrower transfers the property to the trustee until the loan is paid off.

A ________ Is an Instrument That Gives a Creditor a Security