Money or other property so deposited is also loosely referred to as escrow.
In common law, escrow applied to the deposits only of instruments for conveyance of land, but it now applies to all instruments so deposited.
A written instrument, such as a deed, temporarily deposited with a neutral third party (the escrow agent), by the agreement of two parties to a valid contract. The escrow agent will deliver the document to the benefited party when the conditions of the contract have been met. The depositor has no control over the instrument in escrow.
The state of property deposited with an escrow agent.
To place in escrow.
Property etc. temporarily relinquished to guarantee repayment of a loan.
Proof of ownership of stocks, bonds or other investment instruments.
Something that secures the fulfillment of an obligation or law.
A guarantee.
The condition of not being threatened, especially physically, psychologically, emotionally, or financially.
Something that secures.
An organization or department responsible for providing security by enforcing laws, rules, and regulations as well as maintaining order.
Freedom from apprehension.
A tradeable financial asset, such as a share of stock.ᵂ