Word: escrowed
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...having said all this, most of these same Americans would never reach for the crude solution offered by TIME, that is, holding back economic aid appropriated for Israel in an escrow account, to be paid out only if "genuine progress" is made in the autonomy talks, and withheld as a penalty if Israel sanctions new settlements on the West Bank. This Administration has a multitude of means available to it, short of such blackmail, to make known its views to Israel. No Israeli government ever has been, or conceivably ever could be, blind to the views of an American President...
...remaining Iranian assets that were unfrozen, nearly $8 billion was originally delivered to an escrow account in the Bank of England pending release of the hostages. Shortly after the 52 returned home, Iran used part of the money to repay about $3.7 billion in syndicated international loans. Another $1.4 billion went into a second escrow fund to liquidate loans from individual banks. Thus Iran has directly received only about $2.87 billion so far-a paltry sum compared with the $24 billion "ransom" that Tehran's revolutionary regime had originally demanded. In addition, some $2.3 billion in Iranian assets remains...
After receiving notification from the twelve American banks, the Federal Reserve transferred the money to an account with the Bank of England. Then it was deposited in the escrow accounts for the Algerian Central Bank. The total amounts unfrozen...
...When the escrow account for the Central Bank of Algeria reached $7.9 billion, the Iranians were to begin procedures to release the hostages. That occurred Tuesday morning...
Most of the money, though, immediately went into other accounts. Some $3.7 billion was given back to the American banks to pay off the old loans. An additional $1.4 billion went into an escrow account to liquidate other loans from individual banks, and includes $130 million that will be used to resolve the dispute over interest payments between Iran and the banks. The $4 billion claims account is intended to settle some of the 300 legal cases pending against Iran. Finally, and only after the hostages had flown out of Iranian air space, the Central Bank of Algeria transferred...