escrow agent

escrow agent
escrow agent escrow agent agent

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escrow agent UK US noun [C] LAW
a person or organization that keeps an asset or document belonging to another person or organization, until a condition is met which means it can be given to someone else: »

He said he would prefer that the keys be held by trusted escrow agents.

Financial and business terms. 2012.

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Look at other dictionaries:

  • escrow agent — A person (often an attorney) or a company that handles escrow arrangements. Also sometimes called a title agent. Category: Business, LLCs & Corporations Category: Real Estate & Rental Property Nolo’s Plain English Law Dictionary. Gerald N. Hill,… …   Law dictionary

  • Escrow Agent — An entity that has fiduciary responsibilities in the transfer of property from one party to another. Typically associated with selling or buying a home or other property, the escrow agent will secure the property and examine documents to make… …   Investment dictionary

  • escrow agent —    An individual or company (e.g., an escrow or title company) that holds documents and funds in a transfer of real estate or other sale. The agent acts for and is paid by both the buyer and the seller …   Business law dictionary

  • escrow — I noun conditional deed held in trust, conditional instrument, contingent deed held in trust, entrustment, instrument held until the performance of a condition, written instrument of contingency II index binder Burton s Legal Thesaurus. William C …   Law dictionary

  • Escrow — is a legal arrangement in which an asset (such as cash, real property or other tangible assets) is deposited into safekeeping (e.g., a bank account) under the trust of a neutral third party (escrow agent) pending satisfaction of contractual… …   Wikipedia

  • Escrow instructions — are written documents, signed by the parties giving them, which direct the escrow officer in the specific steps to be completed so the escrow can be closed. [ [ Diseree Soteres, realtor, offciial web… …   Wikipedia

  • escrow instructions — Written instructions, signed by a buyer and seller, telling an escrow agent what needs to happen before the deal (usually a real estate sale) closes. Category: Business, LLCs & Corporations Category: Real Estate & Rental Property Nolo’s Plain… …   Law dictionary

  • agent — n 1: someone or something that acts or exerts power: a moving force in achieving some result 2: a person guided or instigated by another in some action where the heads of departments are the political...agent s of the executive, merely to execute …   Law dictionary

  • Agent — The decision maker in a principal agent relationship. The New York Times Financial Glossary * * * agent a‧gent [ˈeɪdʒnt] noun [countable] 1. COMMERCE JOBS a person or company that is paid by another person or company to represent them in… …   Financial and business terms

  • agent — A party appointed to act on behalf of a principal entity or person. In context of project financing, refers to the bank in charge of administering the project financing. Bloomberg Financial Dictionary For the purpose of the Agent Service, an… …   Financial and business terms

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