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source code escrow

   Also found in: Wikipedia 0.15 sec.
(software)source code escrow - An arrangement where some source code is held in escrow by a third party as long as it is supported by the vendors, but should they cease to support it, it becomes the property of the purchasers so that they can arrange for its continued maintenance.
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The Company is finalizing arrangements with the banking syndicate relating to source code escrow for implementation by the end of July.
Geac Announces Reduction of Indebtedness and Management Change by Business Wire
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