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Vocabulary Entry
escrow
|noun • verb
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N
noun
A legal arrangement in which a third party temporarily holds money or property until a specified condition is met.
Example Sentences
"The house sale was contingent upon the funds being placed in escrow."
"They set up an escrow account to manage the transaction securely."
"In real estate, escrow ensures that both parties fulfill their contractual obligations."
V
verb
To place in escrow; to put into the care of a third party until certain conditions are satisfied.
Example Sentences
"The funds will be escrowed until the buyer completes all inspections."
"She asked the lawyer to escrow the check until the paperwork was finalized."
"We need to escrow the documents until the deal is officially closed."