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escrow

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escrow

In law, a document sealed and delivered to a third party and not released or coming into effect until some condition has been fulfilled or performed, whereupon the document takes full effect.

Money deposited with a neutral third party to be delivered when conditions of a contract are fulfilled, as in real estate transactions, is commonly referred to as escrow.



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? Mentioned in ? References in periodicals archive
 
Escrow Settlement: Online banking provider Digital Insight Corp.
Escrow settlement by Los Angeles Business Journal
LANCASTER -- The California Escrow Association has announced the revitalization of the Escrow Associates of the Antelope Valley, a nonprofit organization serving escrow professionals.
GROUP REVITALIZED FOR ESCROW AGENTS by Daily News (Los Angeles, CA)
Putting proceeds from a sales transaction into escrow does not guarantee that a cash-basis taxpayer can use installment reporting.
Using the installment method with escrow arrangements by Andreozzi, William G. / The Tax Adviser
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