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escrow

   Also found in: Dictionary/thesaurus, Legal, Financial, Acronyms, Wikipedia, Hutchinson 0.01 sec.

escrow

Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. In commercial usage, this condition is most often the performance of an act (e.g., payment) by the party who is to receive the instrument. Escrow is also used in family transactions (e.g., when a death in the family results in an instrument being delivered to another family member).


escrow
A legal device used in a construction contract whereby something of value is placed with a third party, acting as a trustee, to guarantee that conditions of the contract will be met.

(security)escrow - An arrangement where something (generally money or documents) is held in trust ("in escrow") by a trusted third party until certain agreed conditions are met. In computing the term is used for key escrow and also for source code escrow.


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In California, title companies are tightly regulated, as are the escrow companies that they control.
Question: If I receive a down payment on my home and an escrow account is opened, is there any way I would be permitted access to the funds?
A look at specialist solicitors banking services including escrow and probate accounts Solicitors require specialist banking services for a number of reasons A look at specialist solicitors banking services including escrow and probate accounts.
 
 
 
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