Final answer:
A reconveyance clause is a term used in a deed of trust to describe the borrower's right to regain title to the property when the debt is repaid.
Step-by-step explanation:
A reconveyance clause is a term used in a deed of trust, which is a legal document that secures a loan with real property. The clause describes the borrower's right to regain title to the property once the debt is fully repaid. Essentially, it means that when the borrower pays off the loan, they will have the legal right to regain ownership of the property.
For example, let's say someone takes out a mortgage loan to purchase a house. The deed of trust will include a reconveyance clause that states that once the borrower repays the loan in full, the lender must release their interest in the property and transfer the title back to the borrower. This clause ensures that the borrower's right to the property is protected and they can regain full ownership once the debt is satisfied.