A Certificate of Trust Indebtedness (CTI) is a legal document that serves as evidence of a debt owed by one party to another. It typically includes details such as the amount of the debt, the interest rate, terms of repayment, and the date by which the debt must be repaid. Otis are commonly used in private lending and investment transactions, and can be issued by an individual or an institution. There are two main types of Otis: Secured Otis and Unsecured Otis. A Secured CTI is backed by an asset, such as real estate or other physical property, and is typically used when the lender needs additional assurance of repayment. An Unsecured CTI does not require collateral and is typically used for smaller loans with less risk. Both types of Otis are legally binding documents and must be signed by both parties in order to be valid.
A Certificate of Trust Indebtedness (CTI) is a legal document that serves as evidence of a debt owed by one party to another. It typically includes details such as the amount of the debt, the interest rate, terms of repayment, and the date by which the debt must be repaid. Otis are commonly used in private lending and investment transactions, and can be issued by an individual or an institution. There are two main types of Otis: Secured Otis and Unsecured Otis. A Secured CTI is backed by an asset, such as real estate or other physical property, and is typically used when the lender needs additional assurance of repayment. An Unsecured CTI does not require collateral and is typically used for smaller loans with less risk. Both types of Otis are legally binding documents and must be signed by both parties in order to be valid.
