escrow

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

/ noun ˈɛs kroʊ, ɪˈskroʊ; verb ɪˈskroʊ, ˈɛs kroʊ /

Law.

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See 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.

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Idioms for 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

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

Words nearby escrow

escort, escort carrier, escort fighter, escribe, escritoire, escrow, escuage, Escudero, escudo, Escuintla, Esculapian

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021

Example sentences from the Web for escrow

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|Fortune
Ant 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|Fortune
The 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|ProPublica
When 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|ProPublica

Apple 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.
How It Played in the Gulf|Rick Outzen|June 16, 2010|DAILY BEAST
"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|DAILY BEAST
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
This 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

escrow

/ (ˈɛskrəʊ, ɛˈskrəʊ) law /

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

Cultural definitions for escrow

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.

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