Notariatkonto
| 10:29 May 29, 2023 |
| Swedish to English translations [Non-PRO] Bus/Financial - Law (general) | |||||||
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| 3 | BrE/ CanE: notarial (deposit) stakeholder account |
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| Discussion entries: 1 | |
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Answers
5 hrs confidence: 
BrE/ CanE: notarial (deposit) stakeholder account Explanation: Trust (department) account, Gullberg. Really, the purpose of this account in the specific instance needs (to) be spelled out, but IMO escrow a/c is a misnomer in an Anglo-Irish conveyancing and a non-US banking and escrow recordation scenario. Escrow means holding of docs. and deeds. subject to a condition that needs (to) be fulfilled on mortgage or conveyancing etc. completion. An 'escrow account' in our City of London law firm's conveyancing dept. would have meant a list of such papers. In UK real estate terms, stakeholder is a species of 'trustee' v.s bailee of goods and who holds a deposit, either as agent for one side (buyer or seller) or neither. Example sentence(s):
Reference: http://teslcanadajournal.ca/index.php/tesl/article/view/1218 |
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