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 ?
Anyone interested in applying to work with Oakwood Escrow, please send all resumes to employment@oakwoodescrow.
Other officers are Kim Pitts, vice president, from First American Title Company of Los Angeles in Palmdale; Gayle Matthews, secretary, from Gemini Escrow Services Inc.
Professional escrow agents have standard agreements available that can be Customized to meet clients' unique escrow protection requirements.
The focus is on taxable sales; the article does not address the installment method as it relates to qualified escrow accounts or qualified intermediaries in the deferred like-kind exchange context.
Because most owners do not contest cases after tenants disappear, nor pursue them for back rent or damages to the apartments, if the orders about to be issued require the escrow, the policy will hurt them tremendously.
This article will describe some of the ways to analyze whether an escrow company can be held legally responsible for certain common types of mortgage fraud.
Real estate brokers licensed by the DRE can perform escrows (known as Broker Controlled Escrows) under an exemption from the State's Escrow Law only where the escrows are in the course of or incidental to a real estate transaction in which the broker is an agent or a party to the transaction and in which the broker is performing an act for which a real estate license is required.
Quackenbush promised that the customers will not lose money, however, as any shortfalls in their escrow accounts will be made up by the insurance carriers underwriting Universal.
P will not purchase replacement property for T, the sales proceeds are placed in an escrow account that restricts T's access to the funds.
Reports about the new service and its advantages have appeared in Newsday, The New York Times and on the front page of the New York Law Journal, and it is drawing considerable attention from both escrow depositors and attorneys.
Founded in 1956, the California Escrow Association (CEA) is a statewide organization for professional escrow practitioners with more than 2,700 members.
Fines against insurance and escrow companies and restitution of an undetermined amount of money to California residents involved in real estate transactions since 1970 are being sought.