16.2.12

escrow account

An escrow is:
  • an arrangement made under contractual provisions between transacting parties, whereby an independent trusted third party receives and disburses money and/or documents for the transacting parties, with the timing of such disbursement by the third party dependent on the fulfillment of contractually-agreed conditions by the transacting parties, or
  • an account established by a broker, under the provisions of license law, for the purpose of holding funds on behalf of the broker's principal or some other person until the consummation or termination of a transaction; or,
  • a trust account held in the borrower's name to pay obligations such as property taxes and insurance premiums.
The word derives from the Old French word escroue, meaning a scrap of paper or a roll of parchment; this indicated the deed that a third party held until a transaction was completed

Banking

Escrow is used in the field of automated banking and vending equipment. One example is automated teller machines (ATMs), and is the function which allows the machine to hold the money deposited by the customer separately, and in case he or she challenges the counting result, the money is returned. Another example is a vending machine, where the customer's money is held in a separate escrow area pending successful completion of the transaction. If a problem occurs and the customer presses the refund button, the coins are returned from escrow; if no problem occurs, they fall into the coin vault.

wikipedia


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εάν κάποιος έχει εμπιστοσύνη στο εγχώριο πολιτικό προσωπικό να διαχειριστεί τα νέα δανεικά,
ας αντισταθεί στο νέο διακανονισμό της δανειακής σύμβασης

προσωπικά, θα προτιμούσα να περιμένουμε τα σκάνδαλα που θα υποκύψουν οι ευρωπαϊοι κατά τη διάρκεια της διαχείρισης που θα κάνουν
θεωρώ, ότι τα σκάνδαλα που θα προκύψουν θα είναι λιγότερα, πάντως όχι μηδέν
 

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