14 results for: escrow
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. |
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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
A financial instrument held by a third party on behalf of the other two parties in a transaction. The funds are held by the escrow service until it receives the appropriate
written or oral instructions or until obligations have been fulfilled. Securities, funds and other assets can be held in escrow.
Investopedia Commentary
An escrow
account can be used in the sale of a house, for example. If there are conditions to the sale, such as the passing of an inspection, the buyer and seller may agree to use escrow. In this case, the buyer
of the property will deposit the payment amount for the house in an escrow account held by a third party. This assures the seller - in the process of allowing the house to be inspected - that the buyer
is capable of making payment. Once all of the conditions to the sale are satisfied, the escrow transfers the payment to the seller, and title is transferred to the buyer.
Related
Links
Understanding the Mortgage Payment Structure
See also: Closing, Escrow Agreement, Payee, Payer, Trustee
| Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc. |
escrow
- The holding of assets (that is, securities) by a third party.
| Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. |
Main Entry: es·crow
Pronunciation: 'es-"krO
Function: noun
Etymology: Anglo-French escroue deed delivered on condition, literally, scroll, strip of
parchment, from Old French escroe
1 : an instrument and esp. a deed or money or property held by a third party to be turned over to the grantee and become effective only upon
the fulfillment of some condition
2 : a fund or deposit designed to serve as an escrow—in escrow : held as an escrow : in trust as an escrow <had $1000
in escrow to pay taxes> —compare TRUST
| Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc. |
Main Entry: escrow
Function: transitive verb
: to cause to be held as an escrow : place in escrow
| Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc. |
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. |
Escrow
Es"crow\, n. [OF. escroe, escroue, a roll of writings, bond. See Scroll.] (Law) A deed, bond, or other written engagement, delivered to a third person, to be held by him till some act is done or some condition is performed, and then to be by him delivered to the grantee. --Blackstone.| Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc. |
Escrow
Scroll\, n. [A dim. of OE. scroue, scrowe (whence E. escrow), OF. escroe, escroue, F. ['e]crou entry in the jail book, LL. scroa scroll, probably of Teutonic origin; cf. OD. schroode a strip, shred, slip of paper, akin to E. shred. Cf. Shred, Escrow.]1. A roll of paper or parchment; a writing formed into a roll; a schedule; a list. The heavens shall be rolled together as a scroll. --Isa. xxxiv. 4. Here is the scroll of every man's name. --Shak. 2. (Arch.) An ornament formed of undulations giving off spirals or sprays, usually suggestive of plant form. Roman architectural ornament is largely of some scroll pattern. 3. A mark or flourish added to a person's signature, intended to represent a seal, and in some States allowed as a substitute for a seal. [U.S.] --Burrill. 4. (Geom.) Same as Skew surface. See under Skew. Linen scroll (Arch.) See under Linen. Scroll chuck (Mach.), an adjustable chuck, applicable to a lathe spindle, for centering and holding work, in which the jaws are adjusted and tightened simultaneously by turning a disk having in its face a spiral groove which is entered by teeth on the backs of the jaws. Scroll saw. See under Saw.| Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc. |
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