Meaning of the word escrow in English
What does escrow mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
escrow
US /ˈes.kroʊ/
UK /ˈes.krəʊ/
Noun
a bond, deed, or other document kept in the custody of a third party and taking effect only when a specified condition has been fulfilled
Example:
•
The funds were held in escrow until the sale was finalized.
•
The lawyer placed the deed in escrow.
Verb
to place (a bond, deed, or other document) in escrow
Example:
•
They decided to escrow the payment until all repairs were completed.
•
The title company will escrow the closing documents.