escrow

(redirected from Escrow account)
Also found in: Dictionary, Thesaurus, Legal, Financial, Acronyms.
Related to Escrow account: Escrow Agreement

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 ?
Chairmen of both organisations expressed surprise that the Federal Board of Revenue (FBR) was concerned over working modalities of the escrow account, though the system would ensure the refund of exporters' claims within 72 hours, as committed by the FBR.
to submit to the Committee quarterly regular statements for the escrow account or at any time deemed necessary by the Committee; and
But Judge Keyser ruled against Blackstone and ordered it to pay the money owed into the escrow account.
"Vedanta Star Limited ('VSL'), a wholly-owned subsidiary of our company, has deposited the upfront amount of INR 5,320 crore in escrow account of ESL and June 4, 2018 has been determined to be the 'Effective Date' under the Resolution Plan," Vedanta said in a filing to BSE.
Mr Al Bastaki said the bank has extensive experience and manages a number of escrow accounts for multiple real estate projects that are in big demand by both investors and end-user buyers.
Lee is said to have told Kang that the KDB will "100 percent" guarantee the repayment of corporate bonds possibly through an escrow account, if bondholders including the NPS comply with the government's request over the debt rescheduling.
Maher Al Shaer, CEO of Diyar Al Muharraq said: "We are pleased to sign this agreement to establish an escrow account for the 'Deerat Al Oyoun' Social Housing Project with Al Salam Bank-Bahrain, with the initial cost for the first phase totaling BD 18.1 million which will be financed from the escrow account."
Colin Fraser, group head of wholesale banking at ADCB said: "We are very pleased with Aldar's decision to sign their first ever real estate escrow account with ADCB which was a result of a very detailed dialogue and requirements definition exercise between the teams from both sides.
* identify for borrowers the initial payment and all monthly payments to the escrow account;
Mortgage investing institutions would be required to make all payments for real property insurance premiums for which they hold a real property insurance escrow account, in a timely manner, under a bill introduced by Assemblyman Michael J.
In accordance with the plan of merger agreement dated 20 March 2014 an escrow account was established which contains 5,835,593 EKF shares.
Customers of the bank who take out an Escrow account are also given access to a dedicated relationship manager to assist with the opening and running of the account.