escrow
IPA: ɛskrˈoʊ
noun
- (law) A contractual arrangement whereby money or assets are held in trust by an independent agent by the agreement of the parties, which can only be released to the relevant party once certain contractual conditions have been fulfilled.
- (informal) The money or assets so held.
verb
- To place in escrow.
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Examples of "escrow" in Sentences
No Sentences Found for escrow
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