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escrow

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escrow

Main Entry:: ¹es·crow
Pronunciation:: \ˈes-ˌkrō, es-ˈ\
Function:: noun
Etymology:: Anglo-French escroue scroll — more at scroll
Date:: 1594

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>

Learn more about "escrow" and related topics at Britannica.com

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