Escrow
Escrow means something like trust or deposit and is used in various contexts in computer science, but also in the legal field.
etymology
This meaning comes from the Anglo-American legal area. In Old French, the word referred to the object of the deposit itself ("escroe" = scroll). On this, Rapalje / Lawrence Law dictionary, p. 457:
- "Escrow apparently from Norman-French: escrit (Britt. 98b) Latin: Scriptum, a writing. A writing sealed and delivered to a stranger (ie a person not a party to it), to be held by him until certain conditions be performed, and then to be delivered to take effect as a deed. It is said that, to make the writing an escrow, the word escrow must be used in delivering it, but whether this is so at the present day is doubtful. "
Translation: “The word is probably of Norman - Old French origin and denotes a sealed document handed over to a third party (i.e. who is not a contracting party) , which is held by the latter and issued if certain conditions are met and only then has legal effect. According to tradition, a document only becomes an escrow if the word escrow is used when it is handed over; it seems doubtful whether this is still to be assumed today. "
In computer science
Software escrow
Of software Escrow is when a provider of software the source code is not the user wants to publish, but in the case of certain events is ready (especially of insolvency ) to grant insight. This goal is to be achieved by depositing the source texts together with the documentation with an independent company or notary who is to release the documents to the user in the cases mentioned. Whether this legal figure is actually insolvency-proof is controversial in the legal literature.
Software escrow only makes sense in cases in which the software used controls the continuation of important business transactions in the event of a loss. The benefit expenditure is quite controversial here. In particular, the software manufacturer's insolvency case is by no means clearly described. The reasons for surrender are a central focal point of an escrow contract.
Key escrow
From Key escrow speaks mainly by the state in connection with erwünschtem insight into data with cryptographic methods encrypted were. After that, the keys required to decrypt the data should be deposited with third parties and government agencies should be given access to the keys under certain conditions.
Databases
In the context of databases , the escrow method is a synchronization method of transactions for bringing data into the database. The data is entered in the database immediately and not at the end of the transaction (commit). The escrow procedure makes it possible to reserve a certain amount of values from an object, under the premise that a certain condition is fulfilled. The system then allows simultaneous changes (writing transactions) as long as the predicate remains fulfilled. A major disadvantage of this method is that the SQL interface has to be expanded and that application programs have to be adapted.
Escrow context
In the Anglo-American legal area, an escrow account is opened with a bank or other trustee for certain transactions , to which the buyer pays an agreed part of the purchase price . This amount serves the buyer as security, which he can access in the event of defects in the purchased item. After the warranty period has expired , the (remaining) amount will be paid out to the seller. This procedure is similar to the usual handling in the German legal area via a notary trust account , e.g. B. in real estate transactions.
Web links
Individual evidence
- ↑ Patrick Beuth: Anonymity: As secure as a back door with nine locks . In: The time . January 7, 2016, ISSN 0044-2070 ( zeit.de [accessed March 11, 2020]).
- ↑ Bartholomäus Grill: Conflict about the Hamburg Hafenstrasse: "In life always for success" . In: The time . November 27, 1987, ISSN 0044-2070 ( zeit.de [accessed March 11, 2020]).