From Longman Dictionary of Contemporary Englishescrowes‧crow /ˈeskrəʊ $ -kroʊ/ noun [uncountable] law SCLmoney, land, or a written contract etc that is held by someone who is not directly involved in an agreement while the agreement is being achieved a property held in escrow
Examples from the Corpus
escrow• Interest would meanwhile be paid into an escrow account.• Overseas debtors and any others over 90 days to be held in escrow or subject to a specific warranty.• The executed legal charge was sent to Warrens to be held, in escrow, pending completion.• Interest on the moneys held in escrow will follow the principal.• And considered quickly, since the property is in escrow.• The proceeds from the newly issued bonds were generally invested by investment bankers in U. S. Treasury securities and placed in escrow.• Key escrow may not work all the time.held in escrow• Overseas debtors and any others over 90 days to be held in escrow or subject to a specific warranty.• Interest on the moneys held in escrow will follow the principal.From Longman Business Dictionaryescrowes‧crow /ˈeskrəʊ-kroʊ/ noun [uncountable]LAW1when money or SECURITIES related to a business deal or disagreement between two people or organizations are kept by a THIRD PARTY while the deal is completed or the disagreement is settledThe company stated that most of the proceeds from the sale will be held in escrow for future payments to creditors.2when documents, software etc are kept by a THIRD PARTY to make sure that someone performs their part of the agreementOrigin escrow (1600-1700) Old French escroue; → SCROLL1 