escrow
[ noun es-kroh, ih-skroh; verb ih-skroh, es-kroh ]
/ noun ˈɛs kroʊ, ɪˈskroʊ; verb ɪˈskroʊ, ˈɛs kroʊ /
noun
a contract, deed, bond, or other written agreement deposited with a third person, by whom it is to be delivered to the grantee or promisee on the fulfillment of some condition.
verb (used with object)
to place in escrow: The home seller agrees to escrow the sum of $1000 with his attorney.
Idioms for escrow
in escrow,
in the keeping of a third person for delivery to a given party upon the fulfillment of some condition.
Origin of escrow
Words nearby escrow
escort,
escort carrier,
escort fighter,
escribe,
escritoire,
escrow,
escuage,
escudero,
escudo,
escuintla,
esculapian
British Dictionary definitions for in escrow
escrow
/ (ˈɛskrəʊ, ɛˈskrəʊ) law /
noun
money, goods, or a written document, such as a contract bond, delivered to a third party and held by him pending fulfilment of some condition
the state or condition of being an escrow (esp in the phrase in escrow)
verb (tr)
to place (money, a document, etc) in escrow
Word Origin for escrow
C16: from Old French
escroe, of Germanic origin; see
screed,
shred,
scroll
Cultural definitions for in escrow
escrow
[ (es-kroh) ]
The condition of being ineffective until certain conditions are met. For example, money inherited by a minor might be held in escrow until the heir reaches a certain age. Homeowners with mortgages frequently pay money for insurance and taxes on their home into an escrow account each month. The holder of the mortgage then pays the insurance and tax bills out of the escrow account when the bills are due.
Idioms and Phrases with in escrow
in escrow
In trust with a third party for delivery after certain conditions are fulfilled. For example, Our down payment on the house is in escrow until the current owner makes the promised repairs. This legal term dates from the late 1800s.