escrow

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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 ?
In June 2016, the escrowed common shares in Point Loma Resources Ltd were acquired by Madalena and will be released from escrow in 20% increments in six month intervals commencing July 2017.
If multiple students independently escrowed allegations that a particular professor's harassment included inappropriate bugging, the very similarity of the professor's modus operandi would be strong evidence that the allegations were true.
While most escrow arrangements or holdback agreements will provide some restriction or limit on a seller's right to escrowed funds, it cannot be assumed that every restriction will be sufficiently substantial to avoid application of the constructive receipt doctrine.
The escrowed encryption functions must operate only with escrowed functions in other products.
(85) Schools could utilize escrow systems to fulfill that obligation by submitting any claim received, and in the case of a triggered complaint, contacting the users whose escrowed allegations match.
Today, many licensed products are embedded in a company's own products-- because these are often tied to mission-critical operations, they are often escrowed. What contracts would be affected if this technology fails?
For example, a buyer pays the taxpayer $5,000 as earnest money and later deposits all remaining sales proceeds in a qualified escrow; the taxpayer will recognize $5,000 of boot, but will not be in constructive receipt of the escrowed funds.
Also, the refunded issue could be escrowed to the maturity date, rather than to the call date, which maximized this legal "arbitrage."
ESNY credits all interest earned on escrowed funds directly to the client with clients being billed directly for ESNY's services at closings, on a fee schedule based on the amount in escrow.
Over the course of a year, starting on the anniversary date of your mortgage, you will be required to pay into your account no more than one-twelfth of the total of all payments for all escrowed items.