Canceling Escrow: Providing written notification that an escrow is to be terminated, must be done by mutual consent of all parties to the escrow and in accordance with governing agreements.

 

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Canceling Escrow: Providing written notification that an escrow is to be terminated, must be done by mutual consent of all parties to the escrow and in accordance with governing agreements.

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.

Escrow Receipt: Property or money held by a third party until the agreed upon obligations of a contract are met.

Final Escrow Instructions: Statements prepared by the escrow agent which reflect the final figures and instructions required to close escrow.

Lenders Escrow Instructions: A lenders written instructions to the escrow company stating the conditions which must be met before the deed of trust can be recorded.

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 . . . View Full Definition

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 . . . View Full Definition

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, in . . . View Full Definition

Escrow: An account specifically for the purpose of holding funds from a timeshare buyer and a seller. A third-party presence overseeing transfer of funds can guarantee a degree of security during th . . . View Full Definition

Close-Of-Escrow-Closing: The consummation of a real estate transaction, when the seller delivers title to the buyer in exchange for payment by the buyer of the purchase price. Closing in some areas may not occur unt . . . View Full Definition