Escrow meaning

ĕskrō, ĕ-skrō
Frequency:
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.

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.

noun
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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.
noun
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To place in escrow.
verb
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(law) A written agreement or something of value put in the care of a third party and not delivered until certain conditions are fulfilled.
noun
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An account that holds money or securities until some agreed upon event or condition is met. Escrows typically are used when purchasing a home. The down payment, or good faith deposit, goes into an escrow account and is held until the funds are disbursed to the seller at closing.
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An arrangement under which something (money, a document, or property) is held in trust by a third party until the occurrence of a condition allowing its release to a party to an underlying transaction. For example, a down payment may be held in escrow, typically by the realtor or a lawyer, until the closing of a real estate transaction.
noun
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(law) A written instrument, such as a deed, temporarily deposited with a neutral third party (the Escrow agent), by the agreement of two parties to a valid contract. The escrow agent will deliver the document to the benefited party when the conditions of the contract have been met. The depositor has no control over the instrument in escrow.
noun
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(law) In common law, escrow applied to the deposits only of instruments for conveyance of land, but it now applies to all instruments so deposited.
noun
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(law) Money or other property so deposited is also loosely referred to as escrow.
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The state of property deposited with an escrow agent.
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To place in escrow.
verb
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in escrow
  • In trust as an escrow.
idiom
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in escrow
  • put in the care of a third party until certain conditions are fulfilled
idiom
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Idioms and Phrasal Verbs

in escrow
in escrow

Origin of escrow

  • Anglo-Norman escrowe variant of Old French escroe scroll scroll

    From American Heritage Dictionary of the English Language, 5th Edition

  • From Middle English escrowl (“scroll”), from Old French escroue.

    From Wiktionary