escrow

---

Pronunciation

• (British) IPA: /ˈɛs.kɹəʊ̯/
• (America) IPA: /ˈɛs.kɹoʊ̯/

Noun

escrow

1. (legal) 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.
2. (legal) In common law, escrow applied to the deposits only of instruments for conveyance of land, but it now applies to all instruments so deposited.
3. (legal) Money or other property so deposited is also loosely referred to as escrow.
4. The state of property deposited with an escrow agent.

Verb

escrow (escrows, present participle escrowing; past and past participle escrowed)

1. To place in escrow.

---

This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.003