Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

delivery in escrow

Read a random definition: collective bargaining

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

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
babycat
16:00
@shaquilleoatmeal: I’ll stop by just for you. I gotta grind out some of my last essays tn.
shaquilleoatmeal
16:02
@soyalmondoatmilk: im weak af, can't handle that spicy cashew lmao
shaquilleoatmeal
16:03
@babycat: 😘 see you in a bit, grind out those essays before you hop back on
shaquilleoatmeal
16:04
appreciate the non wink since you didn't appreciate it them then lol
babycat
16:06
I'll do it for you ;)
16:06
Tough to justify attending a law school where the admissions office does epic resistance political commentary at the info session
BulbasaurNoLikeCardio
16:07
making me feel jealous here wow, I am about to go taste test a bunch of deserts for our baby shower this weekend.
BulbasaurNoLikeCardio
16:07
@milktoast: what school got political at an info session?
shaquilleoatmeal
16:11
nothin to be jealous about, i've been trying to slide into babycats dms but shes got a long line I guess I gotta wait in to see if I can get in lmao
babycat
16:11
omg if you get into ASU they give you travel expense reimbursement to go there for a visit. does anyone know which other schools do this? I'd love to get a comped vacation
shaquilleoatmeal
16:12
think BU gives you $300 or somethin
ClassyPleasantHeron
16:12
Where is ASU getting this kind of $$$ from? They waive CAS fees too.
babycat
16:13
@shaquilleoatmeal: yeah but then you have to go to Boston :(
shaquilleoatmeal
16:14
uva too
shaquilleoatmeal
16:14
whats wrong w boston ;(
GOT PROMOTED YAY how do i tell law schools abt this?
like do i type up and separate doc and send as an attachment? how much do i write?
shaquilleoatmeal
16:15
@jackfrost11770: LFGGGG
TYYYYYY
shaquilleoatmeal
16:16
do any of your schools have updated sections in the portal? If so, i'd upload there, if not email. Small paragraph should do it id think
1a2b3c4d26z
16:16
Who wanna play some operation metro later on
1a2b3c4d26z
16:16
Congrats jack!
thank you!!
babycat
16:16
@jackfrost11770: personally I would submit an updated resume reflecting the new position instead of a paragraph but idk what SOP is
getting a bacon egg and cheese in celebration
1a2b3c4d26z
16:18
lfg baby you earned that
babycat
16:20
also congrats!! big win
initiallaw
16:23
congrats!!
:D
the big W is that i get reimbursed for travel now thank GOD
LSD+ is ad-free, with DMs, discounts, case briefs & more.