Business / Real Estate / Escrow Agent-Officer: An individual qualified to perform all the steps necessary to prepare and carry out escrow instructions. Tasks include obtaining title insurance, securing payoff demands, prorating taxes, interest, rents, etc., and distributing the funds held in escrow.
Business / Finance / Escrow Receipt: Property or money held by a third party until the agreed upon obligations of a contract are met. MORE
Business / Real Estate / Escrow Instructions: In a sales transaction, a writing signed by buyer and seller that details the procedures necessary to close a transaction and directs the escrow agent how to proceed. Sometimes the buyer and seller ex MORE
Business / Finance / Escrowed To Maturity (ETM): A document provided by a bank in options trading to guarantee that the underlying security is on deposit and available for potential delivery. MORE
Business / Real Estate / Final Escrow Instructions: Statements prepared by the escrow agent which reflect the final figures and instructions required to close escrow. MORE
Business / Finance / Refunding Escrow Deposits (Reds): A financial instrument involving a forward purchase contract that obligates investors to buy bonds at a certain rate when issued. The future date coincides with the first optional call date on an exis MORE