Word: escrowed
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About 20 seniors last night unveiled the Alternative Senior Gift Fund (ASGF), an escrow fund to be donated to the College once the University hires a certain number of women and minority faculty...
...through the checks. Some were plainly unacceptable. The Clinton defense fund accepts checks of $1,000 or less from individuals who are U.S. citizens only--not from corporations, lobbyists or federal employees. When Trie came back from lunch, Cardozo returned checks worth $70,000, while keeping the rest in escrow pending an investigation. The contributions were literally too good to be true: though some appeared to come from different people in different cities, the handwriting was often the same and some of the money orders were in sequence...
...government has proposed a system called key escrow in which all financial and other personal information transmitted over the 'Net is also stored with a trust company or a government agency...
However, panelist Jeff Schiller, a network manager at MIT, argued that the key escrow proposal makes many experts uncomfortable...
...concerned about plans by companies like Spring Street Brewing, which launched the first ever initial public offering on the Internet earlier this year. The New York City-based beer company was briefly forced by the Securities and Exchange Commission to suspend trading until it hired a bank or escrow agent to handle investor money. The offering of nearly 900,000 shares at $1.85 a share was such a smashing success that Spring Street wants to start an in-house brokerage to take other companies public and trade their stocks exclusively on the Internet...