escrow background

escrow

/ˈɛs.kɹəʊ̯/ /ˈɛs.kɹoʊ̯/

Illustration escrow - Image 1

noun

Fideicomiso, depósito en garantía

A written instrument, such as a deed, temporarily deposited with a neutral third party (the escrow agent), by the agreement of two parties to a valid contract. The escrow agent will deliver the document to the benefited party when the conditions of the contract have been met. The depositor has no control over the instrument in escrow.

Examples :

"The buyer's check was placed in escrow until the house inspection was completed. "

El cheque del comprador se colocó en fideicomiso hasta que se completó la inspección de la casa.

property business finance law

Illustration escrow - Image 1

noun

Fideicomiso

In common law, escrow applied to the deposits only of instruments for conveyance of land, but it now applies to all instruments so deposited.

Examples :

"The buyer placed the money for the house in escrow, ensuring it would only be released to the seller once all the paperwork was completed and the house was inspected. "

El comprador depositó el dinero para la casa en fideicomiso, asegurando que solo se liberaría al vendedor una vez que se completara todo el papeleo y se inspeccionara la casa.

law business finance property

Illustration escrow - Image 1

noun

Fideicomiso, depósito en garantía

Money or other property so deposited is also loosely referred to as escrow.

Examples :

"The buyer deposited the down payment into escrow, ensuring the money would be held safely until the house sale was finalized. "

El comprador depositó el pago inicial en fideicomiso, asegurando que el dinero se mantendría seguro hasta que se finalizara la venta de la casa.

property finance business economy asset law

Illustration escrow - Image 1

noun

Fideicomiso

The state of property deposited with an escrow agent.

Examples :

"The money for the house was held in escrow until the inspection was complete. "

El dinero para la casa se mantuvo en fideicomiso hasta que se completó la inspección.

property finance law business

Illustration escrow - Image 1

verb

Poner en depósito

To place in escrow.

Examples :

"The store owner escrowed the money for the new couch until the delivery was complete. "

El dueño de la tienda puso el dinero en depósito para el nuevo sofá hasta que se completó la entrega.

property business finance law