Word: escrowed
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...reaps almost $2 million annually in property taxes and other income from the private preserve. The biggest winners may be the original developers, who stand to collect a windfall by selling ownership shares at a profit. Under California state law, a bank holds campers' antes in escrow until 60% of the allotted deeds have been sold. Then their deeds, like stocks, are theirs to keep, bestow, bequeath or barter-at the best possible price. The money, meanwhile, passes to the original investors...
...Wanted Dead or Alive that attracted scant attention. Eventually he met up with Crystal, and took off to Spain, where he sang for his supper in a Costa Brava saloon run by a soldier of fortune named David Lindell (coauthor of Roland). Lindell held Zevon's wages in escrow, in case of either dire need or sudden good fortune. Jackson Browne, who had got friendly with Zevon back in Hollywood, wrote him in care of the Dubliner Bar inviting him to return stateside and cut a record. Warren blew the escrow account to get halfway home...
...year criminal record, who in 1974 had fled a New Jersey prison farm, where he was serving a sentence for a commodities scam. Officials say that Lloyd, Carr may have swindled investors out of as much as $75 million over the past 18 months. Investigators found that one escrow account in a Boston bank supposed to contain $3.6 million to safeguard clients' funds contained only $200. Massachusetts authorities believe the total siphoned off in their state alone could reach $12 million...
...Iowa City, voters rejected, 56% to 44%, a referendum issue that would have imposed stringent standards on landlords. The owners would have to keep their property in good shape and guarantee more rights to tenants, such as allowing them to put their rent in escrow until necessary repairs were made. The measure, which drew a record number of voters for an off-year election, had twice been rejected by the city council. The prime movers behind the unsuccessful drive were students at the University of Iowa, who live off campus and feel victimized by the owners of their dwellings...
...Antonio and a number of small towns near Crystal City, refused to pay the increases to the producer and went to court to seek reductions. The utility companies continued to charge their customers the full rate, but they put the difference between the lower and higher rates in escrow accounts until the courts ruled on the matter...