Escrow: meaning, definitions and examples

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escrow

 

[ หˆษ›s.kroสŠ ]

Noun
Context #1 | Noun

financial transaction

Escrow is a financial arrangement where a third party temporarily holds money or property until a particular condition is met. Typically used in real estate transactions, the funds are held in escrow to ensure that the buyer and seller meet the agreed-upon terms of the transaction. Once the conditions are satisfied, the escrow agent releases the funds to the seller. This process adds a layer of security and trust for both parties involved.

Synonyms

escrow account, safekeeping, trust

Examples of usage

  • The buyer deposited the down payment into an escrow account.
  • The escrow agent verified the documents before closing the deal.
  • Funds will be held in escrow until the property inspection is completed.

Translations

Translations of the word "escrow" in other languages:

๐Ÿ‡ต๐Ÿ‡น depรณsito em garantia

๐Ÿ‡ฎ๐Ÿ‡ณ เคเคธเฅเค•เฅเคฐเฅ‹

๐Ÿ‡ฉ๐Ÿ‡ช Treuhand

๐Ÿ‡ฎ๐Ÿ‡ฉ escrow

๐Ÿ‡บ๐Ÿ‡ฆ ะตัะบั€ะพัƒ

๐Ÿ‡ต๐Ÿ‡ฑ escrow

๐Ÿ‡ฏ๐Ÿ‡ต ใ‚จใ‚นใ‚ฏใƒญใƒผ

๐Ÿ‡ซ๐Ÿ‡ท escrow

๐Ÿ‡ช๐Ÿ‡ธ escrow

๐Ÿ‡น๐Ÿ‡ท escrow

๐Ÿ‡ฐ๐Ÿ‡ท ์—์Šคํฌ๋กœ

๐Ÿ‡ธ๐Ÿ‡ฆ ุญุณุงุจ ุงู„ุฃู…ุงู†ุฉ

๐Ÿ‡จ๐Ÿ‡ฟ escrow

๐Ÿ‡ธ๐Ÿ‡ฐ escrow

๐Ÿ‡จ๐Ÿ‡ณ ็ฌฌไธ‰ๆ–นไฟ็ฎก

๐Ÿ‡ธ๐Ÿ‡ฎ escrow

๐Ÿ‡ฎ๐Ÿ‡ธ escrow

๐Ÿ‡ฐ๐Ÿ‡ฟ ััะบั€ะพัƒ

๐Ÿ‡ฌ๐Ÿ‡ช แƒ”แƒกแƒ™แƒ แƒ

๐Ÿ‡ฆ๐Ÿ‡ฟ escrow

๐Ÿ‡ฒ๐Ÿ‡ฝ escrow

Etymology

The term 'escrow' originates from the Old French word 'escroue', which means 'a scrap of paper' or 'a written deed'. This term reflected the practice of using a physical document as a form of security. Its use can be traced back to the definition of the term by the 14th century when it began to be associated more closely with transactions involving money and property. As legal standards developed, the concept of escrow evolved to include the involvement of a neutral third party, known as an escrow agent, who manages the terms of a transaction. The modern legal framework in which escrow operates primarily took shape in the 19th century, further solidifying its role in the sale of real estate and other significant financial agreements. Today, escrow is a widely accepted practice in various fields to enhance security and mitigate risks associated with transactions.

Word Frequency Rank

With rank #15,127, this word belongs to specialized vocabulary. While not common in everyday speech, it enriches your ability to express complex ideas.