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How to use escrow in a sentence
Investors’ funds were held in escrow for two years while Jiko pursued purchasing 63-year-old Mid-Central National Bank, based in Minnesota, a deal it consummated in September.JIKO RAISES $40 MILLION TO BECOME A MOST UNUSUAL CHALLENGER BANKRHHACKETTFORTUNEOCTOBER 29, 2020FORTUNE
Ant began when Alibaba launched the Alipay payments app in 2004 as an escrow service for buyers and sellers on Ma’s e-commerce website.JACK MA JUST ADDED BILLIONS TO HIS FORTUNE. HERE’S WHERE’S HE RANKS NOWVERNE KOPYTOFFOCTOBER 26, 2020FORTUNE
The foundation sued, eventually extracting Prospect’s agreement to submit the matter to arbitration while putting the money into escrow.INVESTORS EXTRACTED $400 MILLION FROM A HOSPITAL CHAIN THAT SOMETIMES COULDN’T PAY FOR MEDICAL SUPPLIES OR GAS FOR AMBULANCESBY PETER ELKIND WITH DORIS BURKESEPTEMBER 30, 2020PROPUBLICA
When Prospect then missed the escrow deadline, the foundation began garnishing the company’s accounts and sought to have a receiver appointed over all its financial transactions.INVESTORS EXTRACTED $400 MILLION FROM A HOSPITAL CHAIN THAT SOMETIMES COULDN’T PAY FOR MEDICAL SUPPLIES OR GAS FOR AMBULANCESBY PETER ELKIND WITH DORIS BURKESEPTEMBER 30, 2020PROPUBLICA
Apple had started to amass the funding needed to pay the fine in an escrow account after the original ruling in 2016 but hadn’t commenced in doing so.EUROPEAN COMMISSION TO APPEAL DECISION THAT REVERSED APPLE’S $15B STATE AID TAX BILL IN IRELANDINGRID LUNDENSEPTEMBER 25, 2020TECHCRUNCH
Understand—all money that comes from the mine is held in escrow until this case is decided.THE CROSS-CUTCOURTNEY RYLEY COOPER
It must still remain in escrow as the bond of Harry until the case was decided, and that might mean years.THE CROSS-CUTCOURTNEY RYLEY COOPER