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escrow
(redirected from Escrow agent)

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
es·crow  (skr, -skr)
n.
Money, property, a deed, or a bond put into the custody of a third party for delivery to a grantee only after the fulfillment of the conditions specified.
tr.v. es·crowed, es·crow·ing, es·crows
To place in escrow.
Idiom:
in escrow
In trust as an escrow.

[Anglo-Norman escrowe, variant of Old French escroe, scroll; see scroll.]

escrow [ˈɛskrəʊ ɛˈskrəʊ] Law
n
1. (Law) money, goods, or a written document, such as a contract bond, delivered to a third party and held by him pending fulfilment of some condition
2. (Law) the state or condition of being an escrow (esp in the phrase in escrow)
vb (tr)
(Law) to place (money, a document, etc.) in escrow
[from Old French escroe, of Germanic origin; see screed, shred, scroll]
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.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
written agreement - a legal document summarizing the agreement between parties
Translations
escrow [ˈeskrəʊ]
A. Ndepósito m en fideicomiso
in escrowen depósito
B. CPD escrow account N (Fin) → cuenta f de plica
escrow
n escrow accountAnderkonto nt; to put money in escrowGeld auf ein Anderkonto legen


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Masraf Al Rayan has been appointed as the Escrow Agent in addition to being a Placement Agent along with Al Rayan Investment LLC, which is also acting as the Financial Advisor to GBI.
The escrow agent will be a third-party who is responsible for holding the title or deed to the property as well as earnest deposits made on behalf of the buyer.
The like-kind exchange process requires the participation of a Qualified Intermediary and an escrow agent.
 
 
 
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