escrow

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Words related to escrow

a written agreement (or property or money) delivered to a third party or put in trust by one party to a contract to be returned after fulfillment of some condition

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References in periodicals archive ?
In Murray,(6) more than 75% of the purchase price of stock was placed in escrow as security for the sellers' agreement to refrain from entering a competing business for five years.
Attorneys are now relieved of all the time consuming escrow fund management obligations and their clients receive the highest security through bonded protection for the funds they put in escrow, at little or even no net cost.
The organization is dedicated to maintaining the highest standards in escrow through continuing education and legislative advocacy.
Can the remaining escrowed funds be released to T before July 12, 1998, or must they remain in escrow because the third identified property is property T is entitled to receive under the exchange agreement?
However, until the court issued a final judgment on the amount of cash required to be paid by B for the stock, the cash remained in escrow.