escrow

noun
es·​crow | \ ˈe-ˌskrō How to pronounce escrow (audio) , e-ˈskrō \

Definition of escrow

 (Entry 1 of 2)

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 : a fund or deposit designed to serve as an escrow
in escrow
: in trust as an escrow had $1000 in escrow to pay taxes

escrow

verb
es·​crow | \ e-ˈskrō How to pronounce escrow (audio) , ˈe-ˌskrō How to pronounce escrow (audio) \
escrowed; escrowing; escrows

Definition of escrow (Entry 2 of 2)

transitive verb

: to place in escrow

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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).

Examples of escrow in a Sentence

Recent Examples on the Web: Noun Downtown Crenshaw wanted the mall to be sold to a community coalition that raised money to enter the bidding while activists pressured CIM and the sellers to back out of the deal in escrow, which CIM did. Roger Vincent Staff Writer, Los Angeles Times, 25 Aug. 2021 The identical payoff of the notes thirty years hence also flows through the escrow account. Peter J Reilly, Forbes, 22 May 2021 The full sum will be paid into an escrow account in the next 14 days, according to the settlement terms. Arkansas Online, 29 May 2021 Federal reforms have offered consumers some protections, including requiring loan servicers to continue making payments for traditional insurance if the borrower has an escrow account and cannot afford to make the insurance payments. Ron Hurtibise, sun-sentinel.com, 24 May 2021 Buyers must put 10 percent down in cash in an escrow account, with the remainder due three to five days before closing. Ellen Paris, Forbes, 21 May 2021 If a minimum payment is required in the future, the seller will want the buyer to put that minimum amount into an escrow to ensure it is paid. Allbusiness, Forbes, 26 June 2021 That’s a record amount of offseason spending, and Kraft has to cover those guarantees with money put into escrow. BostonGlobe.com, 29 May 2021 If their escrow account doesn’t have enough money to cover a sudden insurance rate increase, their lender will ask them to come up with a lump sum to cover the shortfall. Ron Hurtibise, sun-sentinel.com, 24 May 2021 Recent Examples on the Web: Verb While the seller is going to get the same amount of money, many local agents say sellers will go with cash offers to make sure the purchase closes escrow. Phillip Molnar, San Diego Union-Tribune, 9 July 2021 The building, which includes two other small businesses at the corner of Vista Way, has been sold to a developer who plans extensive renovations once escrow closes in August. Phil Diehl, San Diego Union-Tribune, 11 July 2021 At the very start of the pandemic, agency lenders required borrowers to escrow 18 months of property taxes and interest payments to qualify for acquisition loans. Lee Kiser, Forbes, 13 May 2021 The reprieve applies only to property owners who do not escrow their taxes and have annual property taxes under $50,000 for all properties owned. Matt Mckinney, Star Tribune, 1 May 2021 Players previously agreed to cap escrow at 20% for 2020-21, at 14% to 18% in 2021-22, and at 10% in 2022-23. Los Angeles Times, 19 Nov. 2020 Out-of-state banks and some services, including mortgage lenders, escrow agents and investment advisers, are exempt from the law. Alexei Koseff, SFChronicle.com, 25 Sep. 2020 And a couple who closed escrow the morning before the start of the Almeda fire, moved in their possession and lost everything that night. oregonlive, 25 Sep. 2020 According to the survey, 25 of 31 union representatives call escrow the biggest bargaining issue. Alyssa Thomas, BostonGlobe.com, 17 June 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'escrow.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of escrow

Noun

1594, in the meaning defined at sense 1

Verb

1946, in the meaning defined above

History and Etymology for escrow

Noun

Anglo-French escroue scroll — more at scroll

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Learn More About escrow

Dictionary Entries Near escrow

escrol

escrow

escuage

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Statistics for escrow

Last Updated

15 Sep 2021

Cite this Entry

“Escrow.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/escrow. Accessed 20 Sep. 2021.

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More Definitions for escrow

escrow

noun
es·​crow | \ ˈes-ˌkrō How to pronounce escrow (audio) \

Legal Definition of escrow

 (Entry 1 of 2)

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 : a fund or deposit designed to serve as an escrow
in escrow
: held as an escrow : in trust as an escrow had $1000 in escrow to pay taxes — compare trust

escrow

transitive verb

Legal Definition of escrow (Entry 2 of 2)

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

History and Etymology for escrow

Noun

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

More from Merriam-Webster on escrow

Nglish: Translation of escrow for Spanish Speakers

Britannica English: Translation of escrow for Arabic Speakers

Britannica.com: Encyclopedia article about escrow

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