escrow
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.
to place in escrow: The home seller agrees to escrow the sum of $1000 with his attorney.
Idioms about 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
1Words Nearby escrow
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use escrow in a sentence
Investors’ funds were held in escrow for two years while Jiko pursued purchasing 63-year-old Mid-Central National Bank, based in Minnesota, a deal it consummated in September.
Jiko raises $40 million to become a most unusual challenger bank | rhhackettfortune | October 29, 2020 | FortuneAnt began when Alibaba launched the Alipay payments app in 2004 as an escrow service for buyers and sellers on Ma’s e-commerce website.
Jack Ma just added billions to his fortune. Here’s where’s he ranks now | Verne Kopytoff | October 26, 2020 | FortuneThe foundation sued, eventually extracting Prospect’s agreement to submit the matter to arbitration while putting the money into escrow.
Investors Extracted $400 Million From a Hospital Chain That Sometimes Couldn’t Pay for Medical Supplies or Gas for Ambulances | by Peter Elkind with Doris Burke | September 30, 2020 | ProPublicaWhen Prospect then missed the escrow deadline, the foundation began garnishing the company’s accounts and sought to have a receiver appointed over all its financial transactions.
Investors Extracted $400 Million From a Hospital Chain That Sometimes Couldn’t Pay for Medical Supplies or Gas for Ambulances | by Peter Elkind with Doris Burke | September 30, 2020 | ProPublicaApple had started to amass the funding needed to pay the fine in an escrow account after the original ruling in 2016 but hadn’t commenced in doing so.
European Commission to appeal decision that reversed Apple’s $15B State Aid tax bill in Ireland | Ingrid Lunden | September 25, 2020 | TechCrunch
The president said that a BP “evergreen” escrow would be set up for claims and will be managed by a third party.
"An escrow of a billion-plus is only a down payment of the potential costs," said Miller.
Understand—all money that comes from the mine is held in escrow until this case is decided.
The Cross-Cut | Courtney Ryley CooperIt must still remain in escrow as the bond of Harry until the case was decided, and that might mean years.
The Cross-Cut | Courtney Ryley CooperThis would have meant forfeiting her marriage settlement and the sum that was in escrow.
The Indulgence of Negu Mah | Robert Andrew Arthur
British Dictionary definitions for escrow
/ (ˈɛskrəʊ, ɛˈskrəʊ) law /
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)
to place (money, a document, etc) in escrow
Origin of escrow
1Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cultural definitions for 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 New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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