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escrow
Longman Dictionary of Contemporary English
escrow
noun
COLLOCATIONS FROM CORPUS
■ VERB
hold
▪ Overseas debtors and any others over 90 days to be held in escrow or subject to a specific warranty.
▪ The executed legal charge was sent to Warrens to be held, in escrow, pending completion.
EXAMPLES FROM CORPUS
▪ And considered quickly, since the property is in escrow.
▪ Interest on the moneys held in escrow will follow the principal.
▪ Interest would meanwhile be paid into an escrow account.
▪ Key escrow may not work all the time.
▪ Overseas debtors and any others over 90 days to be held in escrow or subject to a specific warranty.
▪ The executed legal charge was sent to Warrens to be held, in escrow, pending completion.
▪ The proceeds from the newly issued bonds were generally invested by investment bankers in U. S. Treasury securities and placed in escrow.
The Collaborative International Dictionary
Escrow

Escrow \Es"crow\, n. [OF. escroe, escroue, a roll of writings, bond. See Scroll.] (Law) A deed, bond, or other written engagement, delivered to a third person, to be held by him till some act is done or some condition is performed, and then to be by him delivered to the grantee.
--Blackstone.

Douglas Harper's Etymology Dictionary
escrow

1590s, from Anglo-French escrowe, from Old French escroe "scrap, small piece, rag, tatter, single 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, which led to sense of "deposit held in trust or security" (1888).

Wiktionary
escrow

n. 1 (context legal English) A written instrument, such as a deed, temporarily deposited with a neutral third party (the '''Escrow''' agent), by the agreement of two parties to a valid contract. The escrow agent will deliver the document to the benefited party when the conditions of the contract have been met. The depositor has no control over the instrument in escrow. 2 (context legal English) In common law, escrow applied to the deposits only of instruments for conveyance of land, but it now applies to all instruments so deposited. 3 (context legal English) Money or other property so deposited is also loosely referred to as escrow. 4 The state of property deposited with an escrow agent. vb. To place in escrow.

WordNet
escrow

n. a written agreement (or property or money) delivered to a third party or put in trust by one party to a contract to be returned after fulfillment of some condition

Wikipedia
Escrow

An escrow is:

  • a contractual arrangement in which a third party receives and disburses money or documents for the primary transacting parties, with the disbursement dependent on conditions agreed to by the transacting parties, or
  • an account established by a broker for holding funds on behalf of the broker's principal or some other person until the consummation or termination of a transaction; or,
  • a trust account held in the borrower's name to pay obligations such as property taxes and insurance premiums.

The word derives from the Old French word , meaning a scrap of paper or a scroll of parchment; this indicated the deed that a third party held until a transaction was completed.

Usage examples of "escrow".

She knew that this particular memory was being called up by another, the memory of the tapes of the various escrow hearings on Helvetia, of a face more attractive than beautiful, mobile and expressive, shifting between disgust, deep interest, flashes of sudden amusement, the wry appreciation of absurdity, indignation and satisfaction.

All had signed draconian nondisclosure agreements requiring them to post a significant personal bond in escrow, to submit to a polygraph test on request, and to allow ITC to tap their phones without notice.

When Felchow, however, offered other commercial banks membership in a cartel and a share of the lucrative escrow business, the others joined gladly and without exception.

If he did that, he could see the rest of the cash in an escrowed safe deposit locker in Switzerland at his convenience.

He enclosed the codes required to claim the escrowed money in Switzerland, along with a letter for her to mail to Mason if he tried to renege.

Plus recoup costs on any aircraft lost on the mission, to be escrowed in a Swiss bank account controlled by a neutral third party.

Terms, ten percent escrowed on verbal agreement, forty on signing, remainder at settlement.

Your payment in full of the requisite purchase price has been received and escrowed, pending the passage of ten days per our contractual agreement.

The escrowed money itself could be put to work, and the escrowing bank was an obvious agent for the other commercial transactions needed to run a war.

I took the liberty of escrowing that in one of our accounts and on your signature it transfers.

Winthrop, Attorneys-at-Law, do affirm that Hugo Pinero of this city did hand to me ten thousand dollars in lawful money of the United States, and instruct me to place it in escrow with a chartered bank of my selection with escrow instructions as follows:.

I, John Cabot Winthrop III, of the firm Winthrop, Winthrop, Ditmars & Winthrop, Attorneys-at-Law, do affirm that Hugo Pinero of this city did hand to me ten thousand dollars in lawful money of the United States, and instruct me to place it in escrow with a chartered bank of my selection with escrow instructions as follows:.

I, John Cabot Winthrop III, of the firm Winthrop, Winthrop, Ditmars & Winthrop, Attorneys - at - Law, do affirm that Hugo Pinero of this city did hand to me ten thousand dollars in lawful money of the United States, and instruct me to place it in escrow with a chartered bank of my selection with escrow instructions as follows:.

There's something in this mess about an escrow payment on the mortgage, do you want to wait for them to step in and sell the place out from under us and try to explain that to him?

There is one big slug of dough all locked up in an escrow account, and we've petitioned the probate court and so on, but she can't be declared dead for years and years and years.