Associations to the word «Escrow»

ESCROW, noun. (legal) 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.

ESCROW, noun. (legal) In common law, escrow applied to the deposits only of instruments for conveyance of land, but it now applies to all instruments so deposited.

ESCROW, noun. (legal) Money or other property so deposited is also loosely referred to as escrow.

ESCROW, noun. The state of property deposited with an escrow agent.

ESCROW, verb. To place in escrow.

ESCROW, noun. A written agreement (or property or money) delivered to a third party or put in trust by one party to a contract to be returned after fulfillment of some condition.