escrow funds
1
6.4
- noun
- /ˈɛskroʊ fʌndz/
- Specialized
:
fondos en custodia
- The escrow fund was established to hold the payments until all the conditions of the agreement were satisfied.
- a huge escrow fund
Examples
-
Regular payments were made into a sort of escrow fund.
Fiction book (2001) -
The company deposited money into an escrow fund to ensure that all parties would meet their contractual obligations.
-
Before the property sale was finalized, the buyer put $50,000 in an escrow fund to protect both himself and the seller.
Synonyms
44
7.8
Money or documents kept by a trusted person until an agreement is finished
How Certain
- Formal
169
3.5
- Formal
1
5.5
- Specialized
1
6.4
- Formal
8
5.1
3
3.4
Surface Forms
Morphology
The phrase is a straightforward composition: 'escrow' denotes money or assets held pending conditions, and 'funds' denotes sums of money, so 'escrow funds' transparently means funds held in escrow. Although the concept is legal/technical, the meaning follows directly from the constituent definitions and would be understandable to a learner who already knows both words.
Etymology
Escrow funds may come from a long-ago practice where a neutral person kept a sealed paper or money called escrow until a deal was finished. So, escrow funds today means money 'held by a third person' until the deal's conditions are met.