escrow agent
[ˈɛskroʊ ˈeɪdʒənt]
nounpl: escrow agents
agente depositário / terceiro depositário / intermediário de depósito em custódia
1. A neutral third party who holds money, documents, or other assets during a transaction until all conditions are met, then releases them according to the agreement
The escrow agent held the down payment until the home inspection was completed.
O agente depositário manteve o sinal em custódia até que a inspeção da casa fosse concluída.
2. A person or entity responsible for managing funds or documents in escrow to protect all parties involved in a transaction
The title company served as the escrow agent for the real estate transaction.
A companhia de títulos atuou como agente depositário na transação imobiliária.
The escrow agent role is fundamental in American real estate and financial transactions, particularly common in property purchases and business deals. In Brazil, the concept exists but is often handled through different mechanisms such as notaries (tabeliães) or specific financial institutions. The term 'agente depositário' is gaining usage in Brazilian commercial law, especially in international transactions and modern real estate dealings.
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