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noun
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.
verb (used with object)
2.
to place in escrow: The home seller agrees to escrow the sum of $1000 with his attorney.
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Escrow
is always a great word to know.
So is evidence. Does it mean:
| a writing or document executed under seal and delivered to effect a conveyance, especially of real estate |
| data presented to a court or jury in proof of the facts in issue and which may include the testimony of witnesses, records, documents, or objects |
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
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Based on the Random House Dictionary, © Random House, Inc. 2012.
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Link To escrow
Example Sentences
- The two sides eventually agreed to establish an escrow account that could be used to repay investors if the case was settled.
- They urged university donors to place their gifts in escrow until the perceived bias could be corrected.
- Banks now have to put money into an escrow account instead of lending directly to developers.
Collins
World English Dictionary
Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Etymonline
Word Origin & History
escrow
1590s, from Anglo-Fr. escrowe, from O.Fr. escroue "scrap, roll of parchment," from a Gmc. source akin to O.H.G. scrot "scrap, shred" (see scroll (n.)). Originally "a deed delivered to a third person until a future condition is satisfied;" sense of "deposit held in trust or security" is from 1888.
Online Etymology Dictionary, © 2010 Douglas Harper
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American Heritage
Cultural Dictionary
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.
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
FOLDOC
Computing Dictionary
escrow definition
securityAn 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)
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