Escrow settlement.Escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. Settlement: Online banking provider Digital Insight Corp. has settled the escrow arbitration arbitration Process of resolving a dispute or a grievance outside a court system by presenting it for decision to an impartial third party. Both sides in the dispute usually must agree in advance to the choice of arbitrator and certify that they will abide by the claims and related legal proceedings All actions that are authorized or sanctioned by law and instituted in a court or a tribunal for the acquisition of rights or the enforcement of remedies. involving the former stockholders of Magnet magnet: see electromagnet; magnetism. magnet Any material capable of attracting iron and producing a magnetic field outside itself. By the end of the 19th century, all known elements and many compounds had been tested for magnetism, and all were Communications following Digital Insight's purchase of Magnet in 2003. Under terms of the agreement, the company recovered 119,834 of its common shares that have been held in escrow since the Magnet acquisition closed in November 2003. The balance of the escrow will be distributed to the former Magnet stockholders. |
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