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LSDefine

Simple English definitions for legal terms

delivery in escrow

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A quick definition of delivery in escrow:

Delivery in Escrow: When someone gives something to a special person called an "escrow agent" to hold onto until a certain condition is met. For example, if you want to buy a stock, you might give money to an escrow agent who will hold onto it until they receive the stock certificates from the seller. This way, both the buyer and seller can be sure that they will get what they want. The escrow agent is like a middleman who makes sure everything is fair and everyone gets what they agreed to.

A more thorough explanation:

Definition: Delivery in escrow refers to the physical transfer of something to an escrow agent who holds it until a specific condition is met. Once the condition is fulfilled, the agent releases the item to the intended recipient.

Example: A common example of delivery in escrow is when a buyer purchases stocks from a seller. The buyer transfers the cash to an escrow agent, who holds it until they receive the stock certificates from the seller. Once the certificates are received, the agent releases the cash to the seller. This type of delivery creates immediate conditional rights in the buyer.

Another example of delivery in escrow is when a homebuyer puts down a deposit on a house. The deposit is held in an escrow account until the sale is finalized, at which point the funds are released to the seller.

These examples illustrate how delivery in escrow can be used to create a secure transaction between two parties. By using an escrow agent, both parties can trust that the transaction will be completed fairly and that their interests will be protected.

delivered ex ship | delivery of deed

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General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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