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1

escrow

play
noun es·crow \ˈes-ˌkrō, es-ˈ\

Definition of escrow

  1. 1 :  a deed, a bond, money, or a piece of property held in trust by a third party to be turned over to the grantee only upon fulfillment of a condition

  2. 2 :  a fund or deposit designed to serve as an escrow

in escrow

  1. :  in trust as an escrow <had $1000 in escrow to pay taxes>



Did You Know?

the form of a deed, money or property, escrow is that is held by a third party and handed over to the grantee only upon the fulfillment of some condition. In commercial usage, this condition is most often the performance of some act by the party who is to receive the instrument. Escrow is also used in family transactions (as when the death of one family member results in an instrument being delivered to another family member).

Origin and Etymology of escrow

Anglo-French escroue scroll — more at scroll


First Known Use: 1594


2

escrow

play
verb es·crow \es-ˈkrō, ˈes-ˌ\

Definition of escrow

  1. transitive verb
  2. :  to place in escrow



1946

First Known Use of escrow

1946


Law Dictionary

1

escrow

play
noun es·crow \ˈes-ˌkrō\

Legal Definition of escrow

  1. 1 :  an instrument and especially a deed or money or property held by a third party to be turned over to the grantee and become effective only upon the fulfillment of some condition

  2. 2 :  a fund or deposit designed to serve as an escrow

in escrow

  1. :  held as an escrow :  in trust as an escrow <had $1000 in escrow to pay taxes> — compare trust



Origin and Etymology of escrow

Anglo-French escroue deed delivered on condition, literally, scroll, strip of parchment, from Old French escroe


2

escrow

transitive verb es·crow

Legal Definition of escrow

  1. :  to cause to be held as an escrow :  place in escrow





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