Audio Help [n. es-kroh, i-skroh; v. i-skroh, es-kroh] Pronunciation Key Law. | 1. | 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. |
| 2. | to place in escrow: The home seller agrees to escrow the sum of $1000 with his attorney. |
| 3. | in escrow, in the keeping of a third person for delivery to a given party upon the fulfillment of some condition. |
| Dictionary.com Unabridged (v 1.1) Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006. |
Escrow
To learn more about Escrow visit Britannica.com
| © 2008 Encyclopædia Britannica, Inc. |
| es·crow
Audio Help (ěs'krō', ě-skrō') Pronunciation Key
n. 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. tr.v. es·crowed, es·crow·ing, es·crows To place in escrow. [Anglo-Norman escrowe, variant of Old French escroe, scroll; see scroll.] |
| The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2006 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. |
escrow
| Online Etymology Dictionary, © 2001 Douglas Harper |
| escrow | |
noun | |
| a written agreement (or property or money) delivered to a third party or put in trust by one party to a contract to be returned after fulfillment of some condition |
| WordNet® 3.0, © 2006 by Princeton University. |
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.
[Chapter:] Business and Economics
| The American Heritage® New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. |
escrow security
An arrangement where something (generally money or documents) is held in trust ("in escrow") by a trusted third party until certain agreed conditions are met. In computing the term is used for key escrow and also for source code escrow.
(1999-12-14)
| The Free On-line Dictionary of Computing, © 1993-2007 Denis Howe |
Escrow
Es*crol"\, Escroll \Es*croll"\, n. [See Escrow, Scroll.]1. A scroll. [Obs.] 2. (Her.) (a) A long strip or scroll resembling a ribbon or a band of parchment, or the like, anciently placed above the shield, and supporting the crest. (b) In modern heraldry, a similar ribbon on which the motto is inscribed.| Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc. |
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