WORD MEANING
Escrow meaning
ES-kroh · noun
A financial arrangement where a third party holds and regulates payment of funds or assets until specified conditions are met.
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A legal agreement to keep money or property safe until a transaction is completed.
A neutral holding account used in real estate transactions to protect buyer and seller.
A method to ensure obligations are fulfilled before releasing funds or property.
The term is commonly used in finance, real estate, and legal contexts.
Examples
The buyer deposited the payment into an escrow account until the property was inspected.
Funds were held in escrow until all conditions of the contract were met.