an agreement between two parties which holds that something, such as a good, document, or amount of money should be held for safekeeping by a third party until certain conditions are fulfilled
Wiktionary Definition for: Escrow
#A deed, bond, or other written engagement, held by a third person until some act is done or some condition is performed.
An escrow is an arrangement in which a disinterested third party, called an escrow holder, holds legal documents and funds on behalf of a buyer and seller, and distributes them according to the buyer's and seller's instructions. People buying and selling real estate often open an escrow for their protection...
SACRAMENTO, Calif. -- This year, beginning with the production of its 50th Anniversary Conference in September, the California Escrow Association CEA will celebrate the single most important event in California escrow history: the association's birth almost 50 years ago. It was over a couple of mugs of coffee that a...
LONG BEACH, Calif. -- The California Escrow Association CEA will hold its 50th Annual Conference, "Golden Opportunities in CEA," Sept. 22-25 at the Long Beach Convention Center located at 300 E. Ocean Blvd. in Long Beach. Over 2,000 escrow, real estate and banking professionals from throughout California will come together...
Managing escrow accounts is about to enter a new era. HUD finally moved late last year to settle lingering disputes over escrow accounting. The resulting rule tells lenders how to gauge if they are keeping too hefty an amount in each account, and much Managing escrow accounts...
ST. LOUIS, Mo.--BUSINESS WIRE--March 7, 1997--LaserSight Incorporated (NASDAQ:LASE) announced LaserSight and International Business Machines Corporation (NYSE:IBM) have successfully negotiated the terms of the escrow agreement related to the purchase of certain IBM patents which was previously announced on February 20, 1997. The signing of the escrow agreement is scheduled...
TACOMA, Wash.--Aug. 14--The Washington state Department of Financial Institutions has notified Pacific Coast Escrow of Federal Way that it intends to revoke the company's escrow agent license. TACOMA, Wash.--Aug. 14--The Washington state Department of Financial Institutions has notified Pacific Coast Escrow of Federal Way that it...
First American Title & Escrow of Bellingham has appointed Tammy Walker, who has been with the company for 15 years, the supervisor of the escrow department. Elizabeth Thompson, who has worked for First American in Western Washington for eight yea First American Title & Escrow of...
SAN FRANCISCO--BUSINESS WIRE--Feb. 14, 1996--Pacific Gateway Properties (PGP-AMEX) announced today that the buyer for PGP's Radisson Suites Hotel in Tucson, Arizona, completed its due diligence process, clearing the way for the completion of the sale. Under the terms of the sale agreement, PGP exercised its option to extend the...
The FDIC has notified American Savings Bank customers with commercial real estate escrow accounts that if their accounts held more than $100,000, they would only recieve 75 cents on each dollar of the remainder.
homeowners insurance availability "crisis" is overblown, according to the results of a telephone survey conducted by Consumers Union of more than 100 escrow companies.
MIAMI BEACH, Fla. -- TX Holdings, Inc. (Pink Sheets:TXHG) is pleased to announce today that the Company has received Funds and surpassed the minimum amount needed to break escrow on its recent $1,000,000 Private Placement Offering ("Offering").
FEDERAL WAY, Wash.--Nov. 3--A three-firm investment-escrow group in Federal Way has been ordered to stop business activity while the state investigates the possible loss of up to $3.5 million. FEDERAL WAY, Wash.--Nov. 3--A three-firm investment-escrow group in Federal Way has been ordered to stop business activity...
SUFFERN, N.Y. -- The Dress Barn, Inc. (NASDAQ: DBRN), a leading national specialty apparel retailer offering quality career and casual fashion apparel through its dressbarn and maurices brands, announced that the Supreme Court of Connecticut's decision to reverse a judgment against the Company in the amount of $32 million has...
New Orleans is about to become home to the computer programming division of a company that handles all the on-line escrow services for Internet auction site eBay. Escrow.com of Santa Ana, Calif., is moving an estimated 10 information technology support and programming jobs to the city as part of a...
BOSTON -- In the July 7 edition of Compliance Week, former SEC chairman and Compliance Week columnist Harvey Pitt recommends that a substantial portion of a CEO's compensation should be placed in an interest-bearing escrow account, to be paid upon the "successful completion of the CEO's tour of duty."
CONCORD, Calif.--BUSINESS WIRE--Sept. 8, 1997--Premenos Technology Corp., a premier leader in electronic commerce solutions, announced today that the United States Department of Commerce has granted Premenos' Templar product the first KMI License Exception for a self-escrow product.
SOUTH JORDAN, Utah -- Headwaters Incorporated (NASDAQ: HDWR) today announced that it received payment of the license fees that had been held in escrow and were recorded as revenue in the March 31, 2004 quarter. The funds were being held in escrow pending resolution of pertinent issues associated with the...
Sep. 24--MUMBAI, India -- Jet Airways won a reprieve on Friday as the Bombay High Court allowed the airline to withdraw Rs 1,500 crore, deposited by it in an escrow account to buy out Air Sahara. Ending the three-month freeze on the account in an int ...
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