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escrow |
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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
Translations escrow [ˈeskrəʊ] escrow How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Under terms of the agreement, the company recovered 119,834 of its common shares that have been held in escrow since the Magnet acquisition closed in November 2003. 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. Earned interest from financial institutions on customer funds held in escrow accounts but then failed to transfer the interest to customer accounts. |
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