escrow


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Related to escrow: Escrow account, Escrow payment

escrow

(security)
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.

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.
References in periodicals archive ?
Founded in 1956, the California Escrow Association is a statewide organization with more than 2,500 members.
In other circumstances, an escrow agreement may not be quite as formal.
Attorneys can have their clients contract directly with ESNY for escrow agent service, just as they already do for other services involved in a real estate closing or other escrow situations.
Payments, costs and fees must be fully disclosed and made part of the escrow documents.
1031(k)-1(g)(2) and (3) contain safe harbors for security and guarantee arrangements and qualified escrow accounts and trusts.
FIE's Kopel pointed out that use of an independent escrow agent is new to New York where generally the seller's attorney serves as the escrow agent.
Escrow is a process where additional money is collected, along with the periodic mortgage payment, and specifically used to pay taxes and home insurance premiums.
The suit alleges that some title and escrow companies:
The California Escrow Association (CEA) today announced that California's escrow professionals are gathering at the California Escrow Association's 51st Annual Conference, "Opening Doors to Opportunities," being held on October 19 to 22 at the Ontario Visitors & Convention Center to protest a proposal by Insurance Commissioner John Garamendi - a proposal that would jeopardize the high professional standards of escrow professionals.
an escrow service that is quickly making a name for itself, in the state of California, officially announces its plans to expand its presence in the state by opening eight new locations, from 2015 through 2016.
Four years after their escrow company failed amid allegations of a $2.