escrow

Investors’ funds were held in escrow for two years while Jiko pursued purchasing 63-year-old Mid-Central National Bank, based in Minnesota, a deal it consummated in September.

Ant began when Alibaba launched the Alipay payments app in 2004 as an escrow service for buyers and sellers on Ma’s e-commerce website.

When Prospect then missed the escrow deadline, the foundation began garnishing the company’s accounts and sought to have a receiver appointed over all its financial transactions.

The foundation sued, eventually extracting Prospect’s agreement to submit the matter to arbitration while putting the money into escrow.

Apple had started to amass the funding needed to pay the fine in an escrow account after the original ruling in 2016 but hadn’t commenced in doing so.

The president said that a BP “evergreen” escrow would be set up for claims and will be managed by a third party.

"An escrow of a billion-plus is only a down payment of the potential costs," said Miller.

Understand—all money that comes from the mine is held in escrow until this case is decided.

It must still remain in escrow as the bond of Harry until the case was decided, and that might mean years.

This would have meant forfeiting her marriage settlement and the sum that was in escrow.