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Escrow Agreement |
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Escrow Agreement A certificate stating that an asset is being held by a third party on behalf of two parties to a transaction until such time as certain conditions are filled. An escrow agreement is issued by the bank or other institution holding the asset in escrow and is useful to prove to one party or the other that the escrow has in fact taken place. See also: Escrow agent. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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