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escrow

Escrow is defined as when something valuable is defined as held in trust by an agent and turned over only after specified conditions have been met.

(noun)

An example of escrow is the holding of the deed and deposit money by an escrow agent for a home purchase while waiting for the completion of a list of conditions on both sides of the purchase.

See escrow in Webster's New World College Dictionary

noun

Law a written agreement or something of value put in the care of a third party and not delivered until certain conditions are fulfilled

Origin: OFr escroue, roll of writings, bond < ML scroda < MDu schrot, piece cut off: see shred

See escrow in American Heritage Dictionary 4

noun

Money, property, a deed, or a bond put into the custody of a third party for delivery to a grantee only after the fulfillment of the conditions specified.

transitive verb es·crowed, es·crow·ing, es·crows

To place in escrow.

Origin:

Origin: Anglo-Norman escrowe

Origin: , variant of Old French escroe, scroll; see scroll

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