Word: escrowed
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Dates: during 1990-1999
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...Whitewater's financial-disclosure forms, according to a document in 1st Ozark's files, "Request for Loan Documentation Waiver," dated July 15, 1988. Over the words approved by are the initials WS, evidently referring to Wes Strange. According to the document, reasons for the waiver were that the escrow account was making the payments, and the value of the collateral was "sufficient." Still, waiving such a requirement was highly irregular, especially on a commercial loan, and Vernon Dewey felt it was imprudent to do so. For the first time, the bank now had no current financial-disclosure forms...
Harvard dedicated the proceeds of a previous sale of land to Cambridge that the city had claimed by eminent domain. The total proceeds contributed by Harvard amounted to about $500,000, including interest on the escrow fund, Levitan said...
Schlesinger said that the estimated $830,000 construction costs for the memorial will be financed with a combination of taxpayer money and a joint escrow account held with Harvard University...
...class's attempt to retain the gift in an escrow fund was unsuccessful, however, because the money had already been given to the University...
Recognizing that its $92,000 gift had already been delivered to the University, the class made efforts over thepast month to have the money held in escrow...