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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

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The Correct Answer Is C.

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Answer:

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4 years ago

I want to start my own brand & build a fashion empire. Should I go to a fashion college or to a business school?

Iteru [2.4K]

Answer:

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3 years ago

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notsponge [240]

Explanation:

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3 years ago

Rhonda has an adjusted basis and an at-risk amount of $7,500 in a passive activity at the beginning of the year. She also has a

mixer [17]

Answer:

c. $9,000

Explanation:

a. Adjusted basis in the passive activity: $0

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Since it uses $7,500 of the loss to. the total at risk to $0.

c. This year passive loss suspended $7,500

The loss suspended in the prior year is $1,500

So, Therefore, the suspended passive loss passed over to the following years total $9,000

Now, Suspended passive loss $9,000 ($7,500 suspended loss in current year + $1,500 suspended loss in the previous year)

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3 years ago