Escrow Agent Definition and Legal Meaning On this page, you'll find the legal definition and meaning of Escrow Agent, written in plain English, along with examples of how it is used. What is Escrow Agent? n. a person or entity holding documents and funds in a transfer of real property,...
亦称双重代管协议〔double escrow〕。该种代管协议的目的在于使出售某一财产的一方同时又购入另一财产。据此，出售财产所得交由第三人代管，并用于此后进行的购买。因此，escrow agent则指的是托管代理人。即上述托管人的代理人，应为独立与协议各方之外的第三方，可以是自然人也可以是实体。其英文释义如下：The esc...
代管账户 以储户和代管人〔escrow agent〕的名义开立的银行账户,在代管条件实现时交还给储户或支付给第三人。例如,作为不动产抵押权人的银行将用于支付抵押人不动产税的资金存入代管账户中。 escrow contract 代管协议 买方、卖方和财产或契约代管人〔escrow holder〕之间签订的、明确各自权利、义务的协议。 back-to-b...
出海法律文件中的“escrow agent”是什么意思? escrow指的是在条件实现前暂将…交第三者保管,一般译为托管、代管。 具体而言,escrow指让与人、立约人或债务人先将契据等法律文书、金钱、股票或其它财产交给第三者保管,直到约定的事件发生或约定的条件实现时,才由该第三者将该法律文书或财产交给受让人、受约人或债...
Escrow Agent's sole responsibility shall be for the safekeeping, investment, and disbursement of the Escrow Funds in accordance with the terms of this Agreement. The Parties agree that the Escrow Agent will not be liable to any person for misdelivery of Escrow Money to the Buyer and the Selle...
Deposit Escrow Agreement has the meaning set forth in Section 2.2. Concentration Account Agreement as defined in subsection 4.16(b). Blocked Account Agreement means an agreement among the Borrower, the Agent and a Clearing Bank, in form and substance reasonably satisfactory to the Agent, concerning...
Step #2: Find the right Escrow Agent After finalizing the purchase agreement, they choose an escrow agent like an independent agent, escrow company, bank, or insurance agency offering escrow services. Step #3: Open Escrow Account An escrow agent opens an account with details like the buyer and...
When you buy a home, you may hear your real estate agent or lender mention the term “escrow” while discussing the transaction process. Having money in escrow means you agree to give a certain dollar amount to a neutral third party who holds onto it until the contractual obligations of ...
Theescrow agent, which is typically a lawyer, holds the assets until predetermined contractual obligations are fulfilled. Once the agreement terms have been satisfied, the escrow agent releases the funds or property held in escrow to the appropriate party.2 ...
Escrow Agent Explained An escrow agent essentially serves as a neutral middleman in the context of an escrow agreement. An escrow agreement is a contract between two parties whereby each agrees that a third party should hold an asset on their behalf until their transaction is completed. The funds...