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The Epic Interactive Encyclopedia 1998
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Epic Interactive Encyclopedia, The - 1998 Edition (1998)(Epic Marketing).iso
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Escrow
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INFOTEXT
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1992-09-02
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391b
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11 lines
Old French escroe, `scroll' in law, a
document sealed and delivered to a third
party and not released or coming into effect
until some condition has been fulfilled or
performed, whereupon the document takes full
effect. Money deposited with a neutral third
party to be delivered when conditions of a
contract are fulfilled, as in real estate
transactions, is commonly referred to as
escrow.