escrow background

escrow

/ˈɛs.kɹəʊ̯/ /ˈɛs.kɹoʊ̯/

Illustration escrow - Image 1

noun

Séquestre

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. "

Le chèque de l'acheteur a été placé en séquestre jusqu'à ce que l'inspection de la maison soit terminée.

property business finance law

Illustration escrow - Image 1

noun

Séquestre

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. "

L'acheteur a placé l'argent pour la maison en séquestre, s'assurant qu'il ne serait versé au vendeur qu'une fois tous les documents complétés et la maison inspectée.

law business finance property

Illustration escrow - Image 1

noun

Séquestre

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. "

L'acheteur a déposé l'acompte en séquestre, garantissant que l'argent serait conservé en sécurité jusqu'à la finalisation de la vente de la maison.

property finance business economy asset law

Illustration escrow - Image 1

noun

Séquestre

The state of property deposited with an escrow agent.

Examples :

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

L'argent pour la maison était en séquestre jusqu'à la fin de l'inspection.

property finance law business

Illustration escrow - Image 1

verb

Placer en séquestre

To place in escrow.

Examples :

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

Le propriétaire du magasin a placé l'argent en séquestre pour le nouveau canapé jusqu'à ce que la livraison soit terminée.

property business finance law