escrow agent


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escrow agent

n. a person or entity holding documents and funds in a transfer of real property, acting for both parties pursuant to instructions. Typically the agent is a person (commonly an attorney), escrow company or title company, depending on local practice. (See: escrow)

References in periodicals archive ?
GlobalMin said that the Mojave Gold shares will be held by the escrow agent until a registration statement to be filed by the company goes effective, following which they will be distributed to the Mojave Gold shareholders.
The escrow agent receives these funds free of all income taxes, since they are received as the death benefit of a life insurance contract.
THIS ESCROW AGREEMENT (the "Agreement") is entered into as of --, 20--, by and among --, a -- ("Life Settlement Provider"), --, a --, not in its individual capacity but solely as escrow agent ( "Escrow Agent"), and -- ("Life Settlor").
Transamerica Title Insurance Company that the duty requires the escrow agent to remain objective to the parties in a land-sale transaction and to not favor one party over the other.
Three parties are typically involved in an escrow relationship: the company licensing the technology (the licensee); the company that developed the technology (the developer); and the escrow agent.
According to the Causey Demgen & Moore verification report, the securities and cash deposited will produce amounts necessary for timely payment of the principal, interest and redemption premium on the refunded bonds, and escrow agent fees when due.
XL Catlin and RPS/Plus Companies today announced the availability of two new endorsements making data breach and added theft protection available for their professional liability insurance program specifically designed for title and escrow agents.
6m directly to the sellers or to an escrow agent at the closing on Friday under the agreement and will pay further amounts to sellers under an annual earn-out unitl 30 June 2015.
The selection of a reliable and experienced escrow agent is just as critical in deciding whether or not to escrow the software in the first place.
93-70 dealt with a bank acting as an escrow agent that disbursed funds to a subcontractor on construction projects.
The key could be given to a single escrow agent or it could be split into several components, with each component held by a separate entity.