escrow agent
The third-party depositary of an escrow; ESCROW(3). — Also termed escrow holder; escrowee; escrow officer. [Cases: Deposits and Escrows 13. C.J.S. Depositaries §§ 15–17; Escrows §§ 8–10.]
Search Results for: DEPOSITARY
depository
depository (di-poz-[schwa]-tor-ee), n. A place where one leaves money or valuables for safekeeping (the grade school’s depository for used books). Cf. DEPOSITARY.
american depository receipt
American depository receipt. A receipt issued by an American bank as a substitute for stock shares in a for-eign-based corporation. • ADRs are the most common method by which foreign companies secure American shareholders. Companies that offer ADRs maintain a stock listing in their domestic market in their domestic currency, while the ADRs are held
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necessary deposit
A bailment, usu. made by reason of emergency or other necessity, that prevents the depositor from freely choosing the depositary. • A necessary deposit occurs, for example, when a person entrusts goods to a stranger during a fire.