escrow: Meaning and Definition of
Pronunciation: (n.es'krō, i-skrō'v.i-skrō', es'krō), [key]
— Law. Law.
- a contract, deed, bond, or other written agreement deposited with a third person, by whom it is to be delivered to the grantee or promisee on the fulfillment of some condition.
- in the keeping of a third person for delivery to a given party upon the fulfillment of some condition.
- to place in escrow: The home seller agrees to escrow the sum of $1000 with his attorney.
- escrow (Thesaurus)
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