in escrow

1. In trust with a third party for delivery after certain conditions are fulfilled. For example, Our down payment on the house is in escrow until the current owner makes the promised repairs. This legal term dates from the late 1800s.

Example Sentences

The letter questioned why LA28 isn’t paying the city up front for costs, using money in escrow, and asked if LA28 has provided the city with a budget for security, transit and sanitation.

From Los Angeles Times

Roughly 145 burned lots have sold so far, around 100 are currently listed, and dozens more are in escrow.

From Los Angeles Times

As part of the settlement, the SEC agreed to return to Ripple $75 million of a $125-million penalty it held in escrow.

From Los Angeles Times

Insurance payouts can accrue significant interest while the money sits in escrow during rebuilding, bill proponents say.

From Los Angeles Times

California law already requires lenders to pay homeowners the interest on escrowed funds for property taxes and insurance but not for insurance payouts held in escrow, according to the governor’s office.

From Los Angeles Times