Escrowing: meaning, definitions and examples
๐ฆ
escrowing
[ หษs.kroส.ษชล ]
financial transactions
Escrowing is a financial arrangement in which a third party holds and manages funds or assets on behalf of two parties involved in a transaction. This process ensures that the funds are safeguarded until all terms of the agreement are met. It is commonly used in real estate transactions to protect the interests of both buyers and sellers. By using escrow services, parties can be assured that the deal will be executed under agreed conditions before the release of funds or assets.
Synonyms
Examples of usage
- The buyer deposited the money into an escrow account.
- The sale of the house was delayed in escrow.
- The escrow service ensured a safe transaction.
- Both parties agreed to use escrow to facilitate the deal.
Translations
Translations of the word "escrowing" in other languages:
๐ต๐น escrow
๐ฎ๐ณ เคเคธเฅเคเฅเคฐเฅ
๐ฉ๐ช Treuhand
๐ฎ๐ฉ escrow
๐บ๐ฆ ะตัะบัะพั
๐ต๐ฑ escrow
๐ฏ๐ต ใจในใฏใญใผ
๐ซ๐ท escrow
๐ช๐ธ escrow
๐น๐ท emanet
๐ฐ๐ท ์์คํฌ๋ก
๐ธ๐ฆ ุญุณุงุจ ุงูุถู ุงู
๐จ๐ฟ eskrow
๐ธ๐ฐ escrow
๐จ๐ณ ็ฌฌไธๆนๆ็ฎก
๐ธ๐ฎ escrow
๐ฎ๐ธ eskrow
๐ฐ๐ฟ ััะบัะพั
๐ฌ๐ช แแกแแ แ
๐ฆ๐ฟ escrow
๐ฒ๐ฝ escrow
Etymology
The term 'escrow' originates from the Middle English word 'escrou', which means a scrap of paper or a roll of parchment. This referred to the notion of a deed being held by a third party until certain conditions were met. The concept of escrowing has been used for centuries to ensure the safety of transactions, especially in property sales. Over time, it evolved to encompass various types of financial agreements, becoming particularly prevalent in modern real estate and e-commerce. The growing complexity of transactions and the need for security between parties have solidified its role in financial dealings, establishing 'escrow' as a vital component in many economic exchanges.