Definition: Failure to provide a required accounting or deliver money, documents, or property to the person legally entitled to receive them.
Example
A broker retains funds after entitlement and the required disbursement time have been established, without a lawful basis.
Keep the distinction clear
A genuine escrow dispute requires the prescribed handling procedures; it is not permission to use the funds or ignore the parties indefinitely.
Related terms
Trust Funds · Conflicting Demands · Conversion (Entrusted Money or Property)
Keep studying
Florida Escrow Deposits: Associate and Broker Deadlines
References: Florida Statutes 475.25: discipline and escrow disputes
Pronunciation (US): FAYL-yer tuh uh-KOWNT for and dih-LIV-er (capitals show stress)
Pronunciation reference: Merriam-Webster
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