escrow

[noun es-kroh, ih-skroh; verb ih-skroh, es-kroh]Law.

See more synonyms for escrow on Thesaurus.com

noun

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)

to place in escrow: The home seller agrees to escrow the sum of $1000 with his attorney.

Idioms

in escrow, in the keeping of a third person for delivery to a given party upon the fulfillment of some condition.

Origin of escrow

1590–1600; < Anglo-French escro(u)we, Old French escro(u)e. See scroll

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

Related Words for escrow

pledge, deed, security, bond, insurance, guarantee

Examples from the Web for escrow

Contemporary Examples of escrow

The president said that a BP “evergreen” escrow would be set up for claims and will be managed by a third party.
How It Played in the Gulf
Rick Outzen
June 16, 2010
"An escrow of a billion-plus is only a down payment of the potential costs," said Miller.
BP's $25 Million Insult
Rick Outzen
May 4, 2010

Historical Examples of escrow

This would have meant forfeiting her marriage settlement and the sum that was in escrow.
The Indulgence of Negu Mah
Robert Andrew Arthur
Understand—all money that comes from the mine is held in escrow until this case is decided.
The Cross-Cut
Courtney Ryley Cooper
It 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 Cooper

British Dictionary definitions for escrow

escrow

noun

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)

verb (tr)

to place (money, a document, etc) in escrow

Word Origin for escrow

C16: from Old French escroe, of Germanic origin; see screed, shred, scroll

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Word Origin and History for escrow

1590s, from Anglo-French escrowe, from Old French escroue "scrap, roll of parchment," from a Germanic source akin to Old High German scrot "a scrap, shred, a piece cut off" (see shred (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.

escrow in Culture

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.