delivery as an escrow

A delivery on some collateral condition, which must be consistent with the contract, on the happening of which condition alone the contract is to take effect. 28 Am J2d Escr § 1.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • escrow — A written instrument which by its terms imports a legal obligation and which is deposited by the grantor, promisor, or obligor, or his agent, with a stranger or third party to be kept by the depository until the performance of a condition or the… …   Ballentine's law dictionary

  • delivery — de·liv·ery n pl er·ies: an act that shows a transferor s intent to make a transfer of property (as a gift); esp: the transfer of possession or exclusive control of property to another actual delivery: a delivery (as by hand or shipment) of actual …   Law dictionary

  • delivery — The act by which the res or substance thereof is placed within the actual or constructive possession or control of another. Poor v. American Locomotive Co., C.C.A.I11., 67 F.2d 626, 630. What constitutes delivery depends largely on the intent of… …   Black's law dictionary

  • delivery — The act by which the res or substance thereof is placed within the actual or constructive possession or control of another. Poor v. American Locomotive Co., C.C.A.I11., 67 F.2d 626, 630. What constitutes delivery depends largely on the intent of… …   Black's law dictionary

  • escrow — Property or money held by a third party until the agreed upon obligations of a contract are met. Bloomberg Financial Dictionary * * * escrow es‧crow [ˈeskrəʊ ǁ kroʊ] noun [uncountable] LAW 1. when money or Securities related to a business deal or …   Financial and business terms

  • escrow — n. /es kroh, i skroh /; v. /i skroh , es kroh/, Law. n. 1. a contract, deed, bond, or other written agreement deposited with a third person, by whom it is to be delivered to the grantee or promisee on the fulfillment of some condition. 2. in… …   Universalium

  • Escrow Receipt — A bank guarantee that an option writer has the underlying security on deposit and that the underlying security is readily available for delivery if the option is exercised. The use of escrow accounts and receipts provides further evidence and… …   Investment dictionary

  • escrow — A legal document (such as a deed), money, stock, or other property delivered by the grantor, promisor or obligor into the hands of a third person, to be held by the latter until the happening of a contingency or performance of a condition, and… …   Black's law dictionary

  • escrow receipt — A document provided by a bank in options trading to guarantee that the underlying security is on deposit and available for potential delivery. Bloomberg Financial Dictionary …   Financial and business terms

  • In Escrow — An item such as money or a piece of property that has been transferred to a third party with the intentions of delivery to a grantee as part of a binding agreement. Valuables in escrow are delivered, generally by an escrow agent, to a grantee… …   Investment dictionary

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