Mr Cooper Group Inc fka COOP

[tanjazielman]

Look what I found:

The term escrow is derived from the French word, escroe, meaning scroll or strip of parchment.(2) By traditional legal definition, an escrow is a written instrument representing a legal obligation which is deposited by a grantor, obligor, or promisor with a third party with instructions that it be delivered to the grantee, obligee, or promisee upon the fulfillment of a condition.(3) Virtually any written instrument may be placed in escrow, and modern escrow arrangements often involve the deposit of money."

"A typical use in a corporate transaction is to escrow a portion of the purchase price of a business to secure indemnities given by the seller that cover warranties and representations that cannot be performed or verified at the time of closing."

Source: http://www.facebook.com/l.php?u=http%3A%2F%2Fbusiness.highbeam.com%2F127%2Farticle-1G1-13654255%2Fescrows-and-bankruptcy&h=ZAQFNOZMX