Escrow

Pronunciation: /ˈɛskroʊ/

Definitions of escrow

noun a financial arrangement where a third party holds and regulates payment of funds for two parties involved in a transaction

Example Sentences

A1 An escrow is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a transaction.

A2 Buyers often use an escrow account to hold funds until all conditions in a real estate transaction are met.

B1 Escrow services are commonly used in real estate transactions to protect the interests of both the buyer and seller.

B2 The escrow agent is responsible for ensuring that all terms of the agreement are met before releasing the funds to the appropriate party.

C1 In complex business deals, an escrow can be set up to ensure that all conditions are met before the funds are released.

C2 Escrow accounts are often used in mergers and acquisitions to hold funds until all legal and financial requirements are satisfied.

Examples of escrow in a Sentence

formal The funds will be held in escrow until all conditions of the contract are met.

informal I'll put the money in escrow until you deliver the goods.

slang Let's put the cash in escrow so we both know we're serious.

figurative She held her emotions in escrow, waiting for the right moment to reveal them.

Grammatical Forms of escrow

• plural: escrows
• comparative: more escrow
• superlative: most escrow
• present tense: escrows
• future tense: will escrow
• perfect tense: has escrowed
• continuous tense: is escrowing
• singular: escrow
• positive degree: escrow
• infinitive: to escrow
• gerund: escrowing
• participle: escrowed

Origin and Evolution of escrow

First Known Use: 1594 year

Language of Origin: Old French

Story behind the word: The word 'escrow' originated from the Old French word 'escroue' which means a scrap of paper or a roll of parchment. It was used in the context of legal documents and agreements.

Evolution of the word: Over time, the meaning of 'escrow' evolved to refer to a legal arrangement where a third party holds funds or assets on behalf of two parties involved in a transaction, until certain conditions are met.