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escrow agent |
Also found in: Legal, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
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Escrow agent. An escrow agent is the person or group that holds certain of your assets in an escrow account while you negotiate the final terms of a contract. For example, if you are buying a home, the escrow agent would hold the down payment you make when your offer is accepted until the purchase is finalized. escrow agent A person or firm who agrees to hold funds for others and disburse them according to lawful instructions. 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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Prior to joining Bader Rutter, Gundzik worked as a closing/ escrow agent for Metropolitan Title Company. Ward authorized the escrow agent for the sale to pay CWM $500,000 from the escrow account established for the sale. It involves the use of escrow agent firms to provide protection for escrow depositors and eliminate escrow deposit bookkeeping headaches for attorneys. |
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