Escrow (noun) Definition, Meaning & Examples

noun
  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.
verb (used with object)
  1. to place in escrow: The home seller agrees to escrow the sum of $1000 with his attorney.
Idioms
  1. in the keeping of a third person for delivery to a given party upon the fulfillment of some condition.
noun
  1. 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
  2. the state or condition of being an escrow (esp in the phrase in escrow)
verb (tr)
  1. to place (money, a document, etc) in escrow
Escrow (noun) Definition, Meaning & Examples

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