All categories

1 year ago

Money or property granted to someone, but held by a third party until specific conditions have been fulfilled is called _____.

1 answer:

kondor19780726 [428]1 year ago

8 0

Money or property granted to someone, but held by a third party until specific conditions have been fulfilled is called escrow.

The term escrow indicates a temporary condition of an item in financial transactions such as money or property which has been transferred to a third party and this transfer is usually done on the part of a buyer and a seller.

Escrow is usually a type of legal holding account for items, which as cannot be released until the satisfaction of predetermined conditions. Items are held typically in escrow till the process involves a financial transaction that has to be completed. In escrow, valuables are held which include real estate, money, stocks as well as securities.

It is a type of legal arrangement in which a third party holds on to money or property temporarily until a particular condition has been reached which clearly includes the fulfillment of a purchase agreement.

Learn to know more about escrow packages at

brainly.com/question/15861488

#SPJ4

You might be interested in

If the population growth rate is 2 percent, real GDP per person will double in 7 years if real GDP grows by ______ percent per

Valentin [98]

Answer:

With a population growth of 2%, the GDP has to grow 12.6% per year in order to real GDP per person double in 7 years.

Explanation:

It is necessary to state the formula to calculate the GDP growth per person in 7 years and some assumptions. Defining as base of population and GDP the number 100 (aleatory picked) we can write our equation: GDP per person in year 7 = 100(1+x)^7/100(1+0.02)^7=2 In this equation X is the fixed percentage of GDP growth. By iteration process, we get that X=12.6%

6 0

3 years ago

The common method of trading in the distant past is known as

olga nikolaevna [1]

the common method of trading in the distant past is known as marketing

3 0

2 years ago

A $1,000 face value bond currently has a yield to maturity of 6.69 percent. The bond matures in 3 years and pays interest annual

algol [13]

Answer:

$1,008.18

Explanation:

Using a financial calculator, you can calculate the price of this bond with the following inputs;

Maturity of the bond; N= 3

Face value ; FV = 1000

Annual coupon payment; PMT = 7% *1000 = 70

Yield to maturity ; I/Y = 6.69%

then compute the Price; CPT PV = 1,008.182

Therefore, the current price is $1,008.18

6 0

3 years ago

Kono corp. , an american company, is trying to decide whether to open its first international branch in europe or asia. The mana

scZoUnD [109]

The managers of Kono Corp., which is an American company trying to open a branch in Europe or Asia are operating under a condition of <u>D. uncertainty</u>.

<h3>What is uncertainty?</h3>

Uncertainty refers to situations where the information is imperfect or unknown. When operating under uncertainty, some evaluations need to be undertaken to close the information gap.

<h3>Answer Options:</h3>

A. goal displacement.

B. illusion of control.

C. social reality.

D. uncertainty.

Thus, the managers of Kono Corp. are not operating under goal displacement, the illusion of control, or social reality, but it is operating under conditions of uncertainty.

Learn more about Uncertainty at brainly.com/question/3998745

6 0

2 years ago

The demand curve of a monopolistically competitive firm is _________________ than that of a perfectly competitive firm. g

Hitman42 [59]

Downward sloping ; more elastic.

7 0

3 years ago