conveyancing, contracts. (A) The conveyance of funds or assets to a third party to hold in trust and distributed after the successful closing of a sale or a set of conditions occur. Escrow of money is most common where a third party releases funds to a seller upon the successful transferrance of property to the buyer. Also common is source code escrow, a situation where the … [Read more...]

In Spanish law. A junction of all the separate papers made in the course of any one proceeding and which remains in the office at the close of it. Castillero v. U. S., 2 Black (U. S.) 109, 17 L. Ed. 360. … [Read more...]

It is to be understood or known; "it is to wit." Litt. ss 9, 45, 46, 57, 59. A very common expression in Littleton, especially at the commencement of a section; and, according to Lord Coke, "it ever teacheth us some rule of law, or general or sure leading point" Co. Litt 16. Est autem jus publicum et privatum, quod ex naturalibus praceptis aut gentium, aut civilibus est … [Read more...]

An account for specifically holding money under escrow. An account held in trust for release only pursuant to specific purposes or conditions being fulfilled. … [Read more...]

A period of time fixed by law or by a court within which certain acts are to be performed, e.g., the production of papers, payment of debts, etc. … [Read more...]