An item of value, money, or documents deposited with a third party to be delivered upon the fulfillment of a condition. For example, the deposit by a borrower with the lender of funds to pay taxes and insurance premiums when they become due, or the deposit of funds or documents with an attorney or escrow agent to be disbursed upon the closing of a sale of real estate.

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World Equity Benchmark Shares (WEBS) represent a recent development in international investing, offering passive index management and facilitating targeted portfolio exposure. There's a WEBS Index Series for 17 countries were each WEBS Index Series seeks to track the performance of a specific MSCI Index. Many of these indices have been used by investment professionals for more than 25 years. WEBS ...

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