verb
- placing money, documents, or property in the custody of a neutral third party until specified conditions are met
Usage: legal; real estate
Examples
- The bank is escrowing the funds until the contract is signed.
- They are escrowing the deed until all inspections are completed.
- The company is escrowing the payment pending delivery of goods.
- We’re escrowing the earnest money with the title company.
- The attorney is escrowing the settlement funds.
- They’re escrowing insurance and tax payments with the mortgage.