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Understanding Today's Crossword Puzzle
An agreement in which a third party keeps money or property until a contract is fulfilled is commonly known as "ESCROW." This term is the answer to today's crossword clue on our website. Let's dive into why this clue matches the answer perfectly:
- Agreement: The clue refers to an agreement, indicating a legal or binding arrangement between parties.
- Third Party: The clue specifies that a third party is involved, suggesting that it is not one of the two parties primarily involved in the contract.
- Keeps Money or Property: The clue states that the third party holds onto money or property, indicating that they are responsible for safely keeping these assets.
- Contract Fulfillment: The clue mentions that the third party retains the money or property until the contract is fulfilled, implying that the release of funds or assets depends on the completion of certain conditions or terms.
Putting these pieces together, the term "ESCROW" perfectly matches the given clue. In the context of legal agreements, escrow refers to a situation where a neutral third party holds funds or property until specified conditions are met. It ensures security and acts as a trusted intermediary between the involved parties, ensuring the fair execution of contracts.
Escrow is commonly used in real estate transactions, where the buyer deposits funds with an escrow agent until all terms of the contract are satisfied. Only then does the agent release the funds to the seller. This process protects both parties and provides a level of assurance that the agreement will be fulfilled.
Today's clue brings attention to this crucial aspect of commercial and legal agreements, highlighting the importance of escrow in ensuring fairness and maximizing trust between parties.
Definition of "ESCROW"
a bond, deed, or other document kept in the custody of a third party and taking effect only when a specified condition has been fulfilled.
Example :The Crossword clue "An agreement in which a third party keeps money or property until a contract is fulfilled" published 1 time/s & has 1 answer/s.
Crossword | Date | Answer |
The Guardian Weekend | 6 April 2019 | ESCROW |
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