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escrow
(redirected from escrowed)

    Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia 0.04 sec.

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
 
The Bank of New York, as trustee, will hold escrowed funds and securities in a segregated irrevocable trust fund for the benefit of refunded bondholders.
Fitch Rates LIPA $525.61MM Electric System General Revenue Bonds ... by Business Wire
The escrow agent, JPMorgan Chase Bank, will hold escrowed funds and securities in a segregated irrevocable escrow fund for the benefit of refunded bondholders.
Fitch Rates $20.295MM New York State GO Refunded Bonds 'AAApre' by Business Wire
The Bank of New York, as trustee, will hold escrowed funds and securities in a segregated irrevocable trust fund for the benefit of refunded bondholders.
Fitch Rates LIPA's $328.28MM Electric System General Revenue Bonds ... by Business Wire
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