in escrow


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in escrow

Held as an escrow, that is, in the custody of a third party until some condition or conditions (of an agreement, bequest, etc.) have been fulfilled. The sum of money my late grandfather bequeathed to me will be in escrow until I turn 18.

in escrow

In trust with a third party for delivery after certain conditions are fulfilled. For example, Our down payment on the house is in escrow until the current owner makes the promised repairs . This legal term dates from the late 1800s.

in escrow

In trust as an escrow.
References in periodicals archive ?
According to the California Escrow Association, what the out-of-state consultant's study failed to analyze were differences between escrow practices around the state, and increases in escrow responsibilities in recent years.
In addition to its professional designation program, CEA works with community colleges throughout the state to develop CEA-approved curricula leading to a certificate in Escrow.
Homes in escrow dropped to 61, which mirrored a statewide decline in selling activity.
He has held a number of operational and administrative management positions during his career in escrow and title insurance.
According to the California Escrow Association, what the study failed to analyze were differences between escrow practices around the state, and increases in escrow responsibilities in recent years.
announces the conversion of a previously executed Performance Based Escrow Agreement to a Time Based Escrow Agreement pursuant to which an aggregate of 1,791,639 common shares are held in escrow with CIBC Mellon Trust Company, as the Escrow Agent.
As a result of the graduation to Tier 1, common shares held by Echo Energy's Principals and previously deposited in escrow under escrow agreements will be governed by the release provisions of a Tier 1 Value Escrow.