to escrow
1
6.7
To put money or documents with a trusted person until an agreement is finished
- verb
- /ˈɛskroʊ/
- Specialized
:
depositar en garantía
- Once the contract is signed, you can escrow the required funds to ensure both parties fulfill their obligations.
Examples
-
To secure the deal, the seller agreed to escrow the deed until the buyer made the full payment.
-
If the broker wants to escrow the transaction, then they should do what an escrow company does.
Blog text (21) -
You pay the first year's policy up front, and then each month you escrow 1/12 of the payment.
Blog text (31) -
You'll need to bring another $300,000 to escrow.
Blog text (32) -
The buyers will escrow the down payment with a neutral third party until all terms of the sale are met.
Compounds
escrow funds
- Specialized
1
6.4
Money held by a neutral person or company until agreed conditions are met
Surface Forms
Etymology
Escrow as a verb comes from the same idea of keeping a scroll ('rolled paper') safe with a neutral person, so to escrow something is to put money or documents in the care of a third party until the terms are fulfilled.