escrow agent
A third party intermediary between the buyer and seller, or the borrower and the lender, who has fiduciary responsibility to insure that the terms of the purchase or loan are carried out as agreed.
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The following dictionary definition list is provided for clarification only. Note that many definitions are not directly applicable to mortgages, loans or other financial terminology in this glossary. Used with permission: WordNet 2.1 Copyright 2005 by Princeton University. All rights reserved.
escrow
Noun: escrow (a written agreement (or property or money) delivered to a third party or put in trust by one party to a contract to be returned after fulfillment of some condition)
agent
Noun: agent (an active and efficient cause; capable of producing a certain effect) "their research uncovered new disease agents"
Noun: agent (a substance that exerts some force or effect)
Noun: agent (a representative who acts on behalf of other persons or organizations)
Noun: agent, factor, broker (a businessman who buys or sells for another in exchange for a commission)
Noun: agent, federal agent (any agent or representative of a federal agency or bureau)
Noun: agentive role, agent (the semantic role of the animate entity that instigates or causes the happening denoted by the verb in the clause)
- escrow agent -
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