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2 years 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]2 years 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

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3 years ago

Bill and Sally have been tired of the corporate rat race. They leave their investment banking positions in New York, move to Col

Sveta_85 [38]

Answer:

Corporate dropouts

Explanation:

People become entrepreneurs for various reasons. Some have the internal drive to create something or provide a service and become entrepreneurs from a young age.

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4 years ago

You have decided to buy a used car. The dealer has offered you two options: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use

Jobisdone [24]

Answer:

$17,167

Explanation:

The first step is to calculate amount of cash that would be charged

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Present value is = 2,221

Then

The present value of the payment options is =

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$520 * 22.396 + $10,000 * 0.5521

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Therefore the amount of cash the car dealer would charge is $17,167

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3 years ago

Generally the preferred method of making decisions within an organization is the

Lerok [7]

Generally the preferred method of making decisions within an organization is the rational model. This model is the preferred method for making decisions but generally it is pretty unrealistic for a company to obtain and adapt into their organization. This model tries to combine rational with structured deicsion aking for the best possible outcome.

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4 years ago

In the long run, the most important source of increase in a nation's standard of living is a: Group of answer choices high rate

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In the long run, the most important source of increase in a nation's standard of living is high rate of economic growth.

<h3>What is economic growth?</h3>

This refers to continuous increase in the total amount of goods and services produced within a country.

The long run is a period in which all factors of productions are variable hence high rate of economic growth is essential towards a nation's standard of living.

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2 years ago