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Escrow Agreement

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Escrow Agreement
A certificate provided by an approved bank that guarantees the indicated securities are deposited at that particular bank.

Notes:
For example, an investor who writes a call option and can present an escrow agreement is considered covered. Therefore, the investor doesn't need to meet margin requirements.


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Under an escrow agreement reached in December 2004, for the first 500 homes in Phase I, builders paid $3.
But in its seven-page response, the agency says it "was not a party" to the escrow agreement and that Yuen and Leung "freely consented" to the deal.
The escrow agreement may place restrictions or limits on the seller's right to receive the escrowed sales proceeds.
 
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