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?
11, 1994, are held in escrow by Montreal Trust Company of Canada ("Montreal Trust"), 510 Burrard Street, Vancouver, V6C 3B9, pursuant to an escrow agreement (the "Escrow Agreement"), dated as of the 11th day of August, 1994, among Montreal Trust, the issuer, Darlene M.
Any excess customer's monies held in escrow will be refunded to the customers in conjunction with their next account analysis following the implementation of the new procedures.