escrow agreement definition

escrow agreement

Document that lays down the conditions (or describes the event) upon fulfillment of (or occurrence) of which the escrow agent delivers the asset or document held in trust by him or her to the named second-party or beneficiary.

Document issued by a bank to certify that the securities or other assets listed in it are on deposit with the bank.

escrow agreement is in the Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.

escrow agreement appears in the definitions of the following terms: escrow agent and escrow

This content can be found on the following page:

http://www.businessdictionary.com/definition/escrow-agreement.html