What's the difference between escrow and trustee?

Escrow


Definition:

  • (n.) A deed, bond, or other written engagement, delivered to a third person, to be held by him till some act is done or some condition is performed, and then to be by him delivered to the grantee.

Example Sentences:

  • (1) Changes in ESCROW scores showed patients to have a greater need for social supports as they moved from admission to discharge.
  • (2) And, just like eBay, there were star ratings for sellers, detailed feedback, customer service assurances, an escrow system and a busy forum in which users posted helpful tips.
  • (3) The CAT has brokered a deal under which Virgin Media , BT and Top-Up TV can all take advantage of the reduced wholesale price for the two Sky Sports channels, but they must place the difference between the new regulated price and Sky's original wholesale price in a so-called "escrow" account.
  • (4) Stijn Hoorens, project leader for the team behind the report, said: “It could be explained by some of the challenges that these markets have faced over the years with ‘exit scams’, [which is] administrators who take their sites offline, saying for maintenance or something … in some cases they have just left with all bitcoins that were held in escrow.
  • (5) BP has been forced by Washington to set aside $20bn into an "escrow account" that can be used to pay out the billions of dollars worth of claims expected to emanate from those who have suffered financial hardship as a result of the spill.
  • (6) • At the conclusion of the appeal, the CAT will determine the distribution of the monies held in escrow.
  • (7) The interim deal approved by the CAT last week will allow Virgin Media, BT and Top Up TV to take advantage of the reduced wholesale price for the two Sky Sports channels, but they must place the difference between the new regulated price and Sky's original wholesale price in a so-called "escrow" account.
  • (8) He called an escrow account established for victims of the Gulf of Mexico BP oil spill a “ Chicago-style political shakedown ”.
  • (9) A spokesman for BT said that despite the escrow arrangement, which means it cannot be certain of reaping the benefits of Ofcom's ruling if Sky wins its challenge, it would forge ahead without "radically revising" pricing plans.
  • (10) The Barthel index, PULSES profile, and ESCROW profile were used to measure functional status, social support, and rehabilitation progress.
  • (11) They get round this in different ways, sometimes paying bigger salaries, sometimes giving a person two jobs, where one is paid as a salary, and the other one held in escrow until the end of the year … a little bit like a bonus.
  • (12) That includes clean-up operations, co-ordinating with the US government and local officials, and managing the $20bn (£13.4bn) escrow account.
  • (13) The CAT has brokered a deal under which Virgin Media, BT and Top Up TV can all take advantage of the reduced wholesale price for the two Sky Sports channels, but they must place the difference between the new regulated price and Sky's original wholesale price in a so-called "escrow" account.
  • (14) The agency is attempting to access 600,000 Bitcoins, worth around $80m (£49.7m), accumulated by Ross Ulbricht, the alleged creator of Silk Road, but has already seized 26,000 ( $3.2m ) that the site had held in escrow for its customers.
  • (15) The company said in court documents filed in Minnesota that the funds for reimbursements will be kept in an interest-bearing escrow account.
  • (16) Beam holds its customers’ money in escrow at a bank and its CEO, Anand Shrivastav, admits the company has had to spend considerable amounts of time, building public trust, making sure customers felt their money was secure in a Beam account.
  • (17) The European citizens should know, however, that loans to Greece are paid into an "escrow" account and are used exclusively to repay past loans and to re-capitalise near bankrupt private banks.
  • (18) The CAT has ruled that any other broadcaster who wishes to offer Sky's channels at the new Ofcom rate will be able to ask the court directly to join the escrow regime.

Trustee


Definition:

  • (n.) A person to whom property is legally committed in trust, to be applied either for the benefit of specified individuals, or for public uses; one who is intrusted with property for the benefit of another; also, a person in whose hands the effects of another are attached in a trustee process.
  • (v. t.) To commit (property) to the care of a trustee; as, to trustee an estate.
  • (v. t.) To attach (a debtor's wages, credits, or property in the hands of a third person) in the interest of the creditor.

Example Sentences:

  • (1) Also, it is often the case that trustees or senior leadership are in said positions because they have personal relationships with the founder.
  • (2) A teaching union has questioned appointment of a trustee of Britain's largest academy chain group as chairman of the schools regulator Ofsted , in what was a surprise announcement meant to calm some of the internal conflicts within the coalition.
  • (3) It is essential that charities integrate new trustees well from day one – and the process must not be rushed.
  • (4) Our board of trustees already involves [the ice hockey player] Ilya Kovalchuk and his wife Nicole, and we are now negotiating with [the boxer] Roy Jones Jr, who recently received Russian citizenship.” It is clear that Shatov is an achiever more than than a dreamer – a down-to-earth character who will never forget where he came from.
  • (5) I've just run a seminar at the BOND conference about an hour ago reminding people what the roles and responsibilities of being a trustee are.
  • (6) Unfortunately, a provision in the deal ensures that Sterling’s estranged wife Shelly, current trustee of the Sterling Family Trust, will remain associated with the team as its “owner emeritus and No1 fan”.
  • (7) Mind speaks for a diverse community and aims to reflect this in its board of trustees, half of whom must have direct experience of mental health problems.
  • (8) So if some trustees feel that increased demands on their time will be too burdensome, it best to leave the field open to others.
  • (9) In addition, BBC executives and trustees were summoned by parliamentary committees more than once a month.
  • (10) The Board of Trustees concludes that judicial intervention rarely is appropriate when a pregnant woman makes an informed refusal of treatment.
  • (11) I turned to one of the trustees and said 'We've made a computer company'.
  • (12) Photograph: Graeme Robertson for the Guardian Updated at 4.14pm BST 4.03pm BST BBC Trustee Anthony Fry explains what he said earlier about being told to "get back in my box".
  • (13) But, I worry that my views will alienate our trustees, staff, volunteers and donors.
  • (14) Trustees raised concerns about conditions attached to the inflation link, which was designed to mitigate the more than £700m cost of making the BBC fund free TV licences for the over-75s, minutes from a Trust meeting on 6 July, the day the government unveiled its settlement for the future of BBC funding , reveal.
  • (15) That morning he had given a cooking demonstration at a local farmers' market, of which he is a trustee.
  • (16) The trustees also said that the two parties should not have been involved in the negotiations because it was at Thompson's discretion not to include them in the debate at all.
  • (17) We are obviously very concerned about the wellbeing of the fund, which is heavily invested in energy stocks worldwide,” said Pete Grannis, New York State deputy comptroller, whose office is the sole trustee of the fund, which has one million members.
  • (18) Asked about another company, in which Firtash's shareholding was hidden behind a trustee, he said: "Mr Firtash at that time did not want to be a public figure."
  • (19) Bletchley Park was once one of the most secret places in Britain, but now its trustees hope to name and honour every person who worked at the code-breaking centre and reputedly helped shorten the course of the second world war.
  • (20) Chris Martin, chairman of the trustees of the BHS pension scheme, said: “Our focus is on clear communications with the members.