Glossary entry

Romanian term or phrase:

Cont de Garantie

English translation:

escrow account

Added to glossary by Radu DANAILA
Sep 4, 2013 06:49
10 yrs ago
5 viewers *
Romanian term

Cont de Garantie

Romanian to English Law/Patents Law: Contract(s)
Auzisem ca se foloseste 'escrow account'...
Cererea de executare a garantiei” inseamna un document unilateral emis de Beneficiar, prin care Banca este instructata sa elibereze o suma din Contul de Garantie in Contul Beneficiarului
Proposed translations (English)
4 +1 escrow account
Change log

Sep 5, 2013 07:55: Radu DANAILA Created KOG entry

Proposed translations

+1
4 mins
Selected

escrow account

escrow account = cont de garanţie blocat / depozit bancar (încredinţat spre păstrare unei terţe persoane pt. a fi restituit cesionarului după îndeplinirea unei condiţii)

http://www.dictionarenglezroman.ro/dictionar/escrow


"escrow account

(1) A separate bank account for keeping money that is the property of others. Attorneys and real estate agents are required to keep escrow accounts for client money and not commingle client money with their own funds.(2) An accounting entry by a mortgage lender showing the amount on hand from the borrower's monthly budget loan payments to pay real estate taxes and insurance when those bills become due."

http://financial-dictionary.thefreedictionary.com/escrow acc...

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Note added at 1 day1 hr (2013-09-05 07:55:36 GMT) Post-grading
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multumesc
Peer comment(s):

agree Liviu-Lee Roth
14 hrs
thank you
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