What does ‘In Escrow’ mean
In escrow is an item such as money or a piece of property that has been transferred to a third party with the intentions of delivery to a grantee as part of a binding agreement. Valuables in escrow are delivered, generally by an escrow agent, to a grantee upon satisfaction of outlined terms.
Explaining ‘In Escrow’
Escrowed items are most commonly found in real estate transactions. Property, cash and the title to the property are often held in escrow until all specified conditions are met, and transfer of ownership can occur. Lawyers will most commonly act as escrow agents in such situations.
Further Reading
- Using Escrow Accounts And Target Project Emissions As A Non-Inflationary Method Of Financing Investment Projects – ideas.repec.org [PDF]
- Structured financial products as the instrument of financial credit assurance for the companies involved into foreign economic activities – www.richtmann.org [PDF]
- On financial frauds and their causes: Investor overconfidence – onlinelibrary.wiley.com [PDF]
- IPTL, Richmond and “Escrow”: The price of private power procurement in Tanzania – www.africaportal.org [PDF]
- Escrow accounts and the value of mortgage servicing contracts – link.springer.com [PDF]
- Economic and financial aspects of mine closure – onlinelibrary.wiley.com [PDF]
- On the theory of financial contracting: The personal loan market – www.sciencedirect.com [PDF]
