escrow agent
noun[C]
LAWukusapersonororganizationthatkeepsanassetordocumentbelongingto anotherpersonororganization, until aconditionismetwhichmeansit can be given to someoneelse:
He said he wouldpreferthat thekeysbeheldbytrustedescrowagents.
Examplesofescrow agent
escrow agent
Theescrowagenthas the duty to properly account for the escrow funds and ensure that usage of funds is explicitly for the purpose intended.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.If theescrowagentis licensed by governmental authority, then much higher legal standards may apply.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.