fideïcomís — meaning in English
Catalan → English · translate English → Catalan instead
English meaning
- escrow noun Money or property held by a neutral third party until agreed conditions are met.
Senses
fideïcomís is used for these senses in English:
- escrow (legal) A contractual arrangement whereby money or assets are held in trust by an independent agent by the agreement of the parties, which can only be released to the relevant party once certain contractual conditions have been fulfilled.
- fideicommissum A benefit bequeathed to a beneficiary who inherits the benefit, subject to the obligation of bequeathing it to another.
escrow — full definition
- noun Money or property held by a neutral third party until agreed conditions are met.
- verb To place money or property in the custody of a neutral third party until conditions are met.