Finance Minister Jim Flaherty told the Canadian Chamber of Commerce on Sunday that the strong Canadian economy and dollar have helped ease the economic stresses caused by the global credit crunch.
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Escrow
From Wikipedia, the free encyclopedia
Please help improve this article or section by expanding it.
Further information might be found on the talk page or at requests for expansion. (May 2007)
This article is about the legal arrangement. For its use in the field of cryptography, see Key escrow.
Escrow is a legal arrangement in which an asset (such as cash, real property or other tangible assets) is deposited into an escrow account under the trust of a neutral third party (escrow agent) pending satisfaction of contractual contingency or condition. Once the condition has been met, the escrow agent will deliver the asset to the party prescribed by the contract.
