A holding account set up with a neutral entity by the parties of a financial arrangement whereby the funds are distributed only after certain contractual agreements or milestones are fulfilled. Escrow funds are commonly applied to real estate mortgages. Escrow can also play a role in financial transactions online and agreements in both commerce and contractual hiring as an added protection for all parties involved.
Related information about escrow fund:
- Escrow - Wikipedia, the free encyclopedia
The defendant pays the total amount of the judgment (or settlement) to the court- administered or appointed escrow fund, and the fund distributes the money ...
- Escrow Fund Act
Forms and information for complying with Tennessee's tobacco Escrow Fund Act, Tenn. Code Ann. 47-31-101, et seq.
- BP OKs $20 billion escrow fund, halts dividend - Disaster in the Gulf ...
Jun 16, 2010 ... BP will set up a $20 billion fund to pay claims for damages following the Gulf of Mexico oil spill, administration officials said Wednesday.
- Escrow Fund
Escrow Fund. Division Of Student Affairs; Western Michigan University. ESCROW IS... A fund established at the Off-Campus Life Office into which tenants may ...
- The BP Escrow Fund: Chaos to Come - Nicole Allan - The Atlantic
Jun 16, 2010 ... Think getting $20 billion from BP is hard? Try giving it away.
- 46 USC § 53715 - Escrow fund | LII / Legal Information Institute
If a payment becomes due under the guarantee before the termination of the escrow agreement, the amount in the escrow fund at the time the payment becomes ...
- tobacco settlement permanent fund and tobacco escrow fund act
escrow fund or otherwise paid to the state as authorized by the model statute,. Sections .... F. "qualified escrow fund" means an escrow arrangement with a ...
- Feds may follow familiar script with BP escrow fund - MarketWatch
Jun 16, 2010 ... NEW YORK (MarketWatch) -- Management of a $20 billion escrow fund that BP PLC plans to create to compensate victims of the Gulf oil ...