Escrow Agent

The neutral third partyThe claimant under a Liability Policy. So called because the person making the claim is not one of the holding funds or something of valueThe terms "full value", "full cash value", "cash value", "actual value" and "fair market value" mean in trustA trust exists when one person holds property for the benefit of another. for another or others.

Escrow Agent

The personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)). or organization having a fiduciaryAn individual or trust institution given the duty of acting for the benefit of another. responsibility to both the buyerA market participant who takes a long futures position or buys an option. An option buyer is also called and sellerA person who makes a transfer of title to real estate. (or lenderThe entity that provides loan funds to the borrower. Depending on the type of loan, the lender may be and borrowerPerson responsible for repaying a loan who has signed and agreed to the terms in the promissory note.) to see that the termsThe specific conditions of a loan, including the requirements governing receipt and repayment of a loan. of the purchase/sale (or loanTransfers for which the recipient incurs a legal debt and repayment is required over time, with or without) are carried out. Also calledAnother term for exercised when an option is a call. In the case of an option on a physical, the writer Escrow CompanyAn organization established to act as an escrow agent..