escrow

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Related to escrowed: Escrowed Shares, Escrowed to Maturity, eschewed

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 ?
A seller's restriction on escrowed funds based solely on the passage of time is not a substantial restriction.
verified the mathematical accuracy of computations of the adequacy of cash receipts and disbursements of escrowed funds and securities, contained in schedules provided to them by Citigroup Global Markets, Inc.
To date, the amounts escrowed for future dismantlement costs total approximately $4.
Grant Thornton LLP verified the mathematical accuracy of debt service computations on the refunded bonds and income from the escrowed funds and securities contained in schedules provided to them by Bear, Stearns & Co.
McGladrey & Pullen verified the mathematical accuracy of debt service computations on the refunded bonds and income from the escrowed funds and securities provided to them by Merrill Lynch & Co.
All other refunded bonds are escrowed to their maturity dates.