Escrow Definition
ĕskrō, ĕ-skrō
escrows
noun
A written agreement or something of value put in the care of a third party and not delivered until certain conditions are fulfilled.
Webster's New World
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.
Webster's New World Law
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.
YourDictionary
(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.
Wiktionary
(law) Money or other property so deposited is also loosely referred to as escrow.
Wiktionary
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verb
To place in escrow.
American Heritage
To place in escrow.
Wiktionary
idiom
in escrow
- In trust as an escrow.
American Heritage
in escrow
- put in the care of a third party until certain conditions are fulfilled
Webster's New World
Idioms, Phrasal Verbs Related to Escrow
- 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
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