Escrow vs Trust - What's the difference?
escrow | trust |
(legal) A written instrument, such as a deed, temporarily deposited with a neutral third party (the Escrow agent), by the agreement of two parties to a valid contract. The escrow agent will deliver the document to the benefited party when the conditions of the contract have been met. The depositor has no control over the instrument in escrow.
(legal) In common law, escrow applied to the deposits only of instruments for conveyance of land, but it now applies to all instruments so deposited.
(legal) Money or other property so deposited is also loosely referred to as escrow.
The state of property deposited with an escrow agent.
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Confidence in or reliance on some person or quality.
* John Locke
Dependence upon something in the future; hope.
Confidence in the future payment for goods or services supplied; credit.
That which is committed or entrusted; something received in confidence; a charge.
That upon which confidence is reposed; ground of reliance; hope.
* Bible, Psalms, lxxi. 5
(rare) Trustworthiness, reliability.
The condition or obligation of one to whom anything is confided; responsible charge or office.
* Shakespeare
* Denham
(legal) The confidence vested in a person who has legal ownership of a property to manage for the benefit of another.
(legal) An estate devised or granted in confidence that the devisee or grantee shall convey it, or dispose of the profits, at the will, or for the benefit, of another; an estate held for the use of another.
A group of businessmen or traders organised for mutual benefit to produce and distribute specific commodities or services, and managed by a central body of trustees.
(computing) Affirmation of the access rights of a user of a computer system.
To place confidence in; to rely on, to confide, or repose faith, in.
* (rfdate)
* (rfdate)
To give credence to; to believe; to credit.
* (rfdate)
To hope confidently; to believe; usually with a phrase or infinitive clause as the object.
* (rfdate) 2 John 12.
* (rfdate) Heb. xiii. 18.
to show confidence in a person by intrusting (him) with something.
* (rfdate) .
To commit, as to one's care; to intrust.
* (rfdate) .
To give credit to; to sell to upon credit, or in confidence of future payment.
* Johnson
To risk; to venture confidently.
* (rfdate)
To have trust; to be credulous; to be won to confidence; to confide.
* (rfdate)
To be confident, as of something future; to hope.
* (rfdate) Isa. xii. 2
To sell or deliver anything in reliance upon a promise of payment; to give credit.
* (rfdate) Johnson
In legal|lang=en terms the difference between escrow and trust
is that escrow is (legal) money or other property so deposited is also loosely referred to as escrow while trust is (legal) an estate devised or granted in confidence that the devisee or grantee shall convey it, or dispose of the profits, at the will, or for the benefit, of another; an estate held for the use of another.As nouns the difference between escrow and trust
is that escrow is (legal) a written instrument, such as a deed, temporarily deposited with a neutral third party (the escrow agent), by the agreement of two parties to a valid contract the escrow agent will deliver the document to the benefited party when the conditions of the contract have been met the depositor has no control over the instrument in escrow while trust is confidence in or reliance on some person or quality.As verbs the difference between escrow and trust
is that escrow is to place in escrow while trust is to place confidence in; to rely on, to confide, or repose faith, in.As an adjective trust is
(obsolete) secure, safe.escrow
English
(wikipedia escrow)Noun
(en noun)See also
* impoundAnagrams
*trust
English
Noun
(en noun)- He needs to regain her trust if he is ever going to win her back.
- Most take things upon trust .
- 1671', O ever-failing '''trust / In mortal strength! — John Milton, ''Samson Agonistes
- 1611', Such '''trust have we through Christ. — ''Authorised Version , 2 Corinthians iii:4.
- I was out of cash, but the landlady let me have it on trust .
- O Lord God, thou art my trust from my youth.
- [I] serve him truly that will put me in trust .
- Reward them well, if they observe their trust .
- I put the house into my sister's trust .
Synonyms
* belief * confidence * expectation * faith * hopeAntonyms
* mistrustDerived terms
* beef trust * brain trust * brains trust * constructive trust * honorary trust * partial trust * remainder trust * resulting trust * spendthrift trust * trust fall * trust fund * trust territory * trustworthyVerb
(en verb)- We cannot trust anyone who deceives us.
- In God We Trust - written on denominations of US currency
- I will never trust his word after.
- He that trusts every one without reserve will at last be deceived.
- Trust me, you look well.
- I trust to come unto you, and speak face to face.
- We trust we have a good conscience.
- I trust you have cleaned your room?
- Whom, with your power and fortune, sir, you trust , Now to suspect is vain.''
- Merchants were not willing to trust precious cargoes to any custody but that of a man-of-war.
- Merchants and manufacturers trust their customers annually with goods.
- It is happier sometimes to be cheated than not to trust .
- [Beguiled] by thee to trust thee from my side.
- More to know could not be more to trust .
- I will trust and not be afraid.
- It is happier sometimes to be cheated than not to trust .