nounpl: escrow cash / escrow funds
dinheiro em depósito em custódia
1. Money held by a neutral third party on behalf of two parties in a transaction, to be released only when all conditions of the agreement are met
The buyer placed escrow cash with the title company to secure the real estate purchase.
O comprador depositou dinheiro em custódia com a empresa de títulos para garantir a compra do imóvel.
2. Funds temporarily held in trust during a transaction to ensure contractual obligations are fulfilled
The escrow cash will be released once the home inspection is completed satisfactorily.
O dinheiro em custódia será liberado assim que a inspeção da casa for concluída satisfatoriamente.
Escrow is a fundamental practice in North American real estate transactions, particularly in the USA. In Brazil, the equivalent concept exists but is often referred to as 'depósito caução' or 'depósito em custódia' in legal documents. Portuguese law has similar mechanisms but uses terminology like 'caução' more predominately. This financial protection mechanism is essential in international transactions and cross-border real estate deals.
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