ESCROW

escrow

(noun) a written agreement (or property or money) delivered to a third party or put in trust by one party to a contract to be returned after fulfillment of some condition

Source: WordNet® 3.1

Etymology

Noun

escrow (countable and uncountable, plural escrows)

(legal) A written instrument, such as a deed, temporarily deposited with a neutral third party (the escrow agent), by the agreement of two parties to a valid contract. The escrow agent will deliver the document to the benefited party when the conditions of the contract have been met. The depositor has no control over the instrument in escrow.

(legal) In common law, escrow applied to the deposits only of instruments for conveyance of land, but it now applies to all instruments so deposited.

(legal) Money or other property so deposited is also loosely referred to as escrow.

The state of property deposited with an escrow agent.

Verb

escrow (third-person singular simple present escrows, present participle escrowing, simple past and past participle escrowed)

To place in escrow.

Anagrams

• cowers, scower

Source: Wiktionary

Es"crow, n. Etym: [OF. escroe, escroue, a roll of writings, bond. See Scroll.] (Law)

Definition: A deed, bond, or other written engagement, delivered to a third person, to be held by him till some act is done or some condition is performed, and then to be by him delivered to the grantee. Blackstone.

Source: Webster’s Unabridged Dictionary 1913 Edition