noun
- plural of escrow; funds or documents held by a third party until certain conditions are met
Usage: legal; finance
verb
- third person singular present of escrow; places funds or documents with a third party for safekeeping
Usage: legal; finance
Examples
- The bank holds several escrows for pending home sales.
- Multiple escrows were established for the complex business deal.
- The attorney escrows the funds until the contract is signed.
- She escrows the deed with a neutral party.
- The company escrows payments for international transactions.
- Real estate escrows protect both buyers and sellers.
- The system automatically escrows disputed amounts.