escrow

Wikipedia

English

Etymology

From Middle English escrowl (“scroll”), from Old French escroue.

Pronunciation

• IPA: /ˈɛskɹoʊ/

Noun

escrow (plural escrows)

1. (law) A written instrument, such as a deed, temporarily deposited with a neutral third party (the Escrow agent), by the agreement of two parties to a valid contract. The escrow agent will deliver the document to the benefited party when the conditions of the contract have been met. The depositor has no control over the instrument in escrow.
2. (law) In common law, escrow applied to the deposits only of instruments for conveyance of land, but it now applies to all instruments so deposited.
3. (law) Money or other property so deposited is also loosely referred to as escrow.

Translations

Translations

Dutch: borg (nl) Finnish: kolmannen osapuolen haltuun uskottu asiakirja, escrow French: fiducie (fr)

German: Treuhand Lithuanian: Salyginio deponavimo sutartis Spanish: fideicomiso (es) Swedish: deposition (sv)

Verb

escrow (third-person singular simple present escrows, present participle escrowing, simple past and past participle escrowed)

1. To place in escrow.
   • 2007 March 3, Vikas Bajaj, “U.S. Urges Lenders to Revise Standards on Granting Credit”, New York Times:

     The regulators suggest that in underwriting these loans, lenders be required to take into account the ability of the borrowers to make monthly payments at the higher rates and also property taxes and homeowners insurance, which are often not escrowed monthly in subprime loans.

Anagrams

• cowers