Sentences with phrase «special escrow accounts»

We then negoti - ate with the central bank of that country to open special escrow accounts as a form of securing a set - off settlement.

We then negotiate with the central bank of that country to open special escrow accounts as a form of securing a set - off settlement.

• Taxes & Insurance: Monthly payments are normally made into a special escrow account for items like hazard insurance and property taxes.

They may suggest that you stop paying your creditors and instead begin making deposits into a special escrow account.

Before you are paid, your lawyer is required to pay those with a legal claim, known as a lien, out of a special escrow account.

Taxes & Insurance: Monthly payments are normally made into a special escrow account for items like hazard insurance and property taxes.

Not exact matches

Issues to be addressed include the tax and accounting implications of subjecting employee equity to indemnity escrows or earn - out arrangements; the application of the «golden parachute» tax rules (Section 280G of the IRC) to accelerated benefits and severance pay; and the development of retention arrangements in the form of employment agreements or special cash or equity grants.

Some of these pre-payments are placed into an escrow account (a special holding account from which funds can only be accessed in certain circumstances) so that there is a reserve in case the deal falls through or you, for whatever reason, can't make a payment at some point in the future.

214 DOS 97 Matter of DOS v. Laymon - accounting to client; bad check; deposits; failure to pay judgments; proper business practices; jurisdiction; DOS retains jurisdiction after expiration of license (for failure to pay renewal fee) where acts occurred during licensure; violation of 19 NYCRR 175.1 by depositing clients» funds into operating account and failing to maintain special bank account; violation of 19 NYCRR 175.2 for failing to account to client; broker engaged in fraudulent practices by accepting monies he was required to retain in escrow, depositing said monies into his operating account, failing to return same to its rightful owner and by purporting to make refunds by issuing bad checks; in light of broker's financial inability to do so, failure to promptly satisfy judgments was not a demonstration of untrustworthiness; there was no violation of 19 NYCRR 175.3 (b) where broker was not managing rental properties; real estate broker's license revoked; reapplication for broker's license conditioned upon proof of payment of restitution with interest and proof of satisfaction of judgment with interest

The escrow agent can utilize a general escrow account, provided that the escrow agent's books of accounting and banking records shall accurately show the allocation to each owner of funds that are deposited in the escrow agent's special bank account and all transactions related to the receipt and disbursement of escrow funds.

REALTORS ® shall keep in a special account in an appropriate financial institution, separated from their own funds, monies coming into their possession in trust for other persons, such as escrows, trust funds, clients» monies, and other like items.

An escrow account (or an impound account), is a special account that holds the money owed for expenses like insurance premiums and property taxes.