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escrow

Syllabification: (es·crow)
Pronunciation: /ˈeskrō/
Law
Definition of escrow

noun

  • a bond, deed, or other document kept in the custody of a third party, taking effect only when a specified condition has been fulfilled.
  • [usually as modifier] a deposit or fund held in trust or as a security:an escrow account
  • the state of being kept in custody or trust:the board holds funds in escrow

verb

[with object] chiefly North American
  • place in custody or trust.

Origin:

late 16th century: from Old French escroe 'scrap, scroll', from medieval Latin scroda, of Germanic origin; related to shred

escrow in other Oxford dictionaries

Definition of escrow in the British & World English dictionary

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