escrow
I noun conditional deed held in trust, conditional instrument, contingent deed held in trust, entrustment, instrument held until the performance of a condition, written instrument of contingency II index binder

Burton's Legal Thesaurus. . 2006


escrow
n.
A legal document, money, or property entrusted by the people making a contract to a third person, who holds it until the contract is finalized and then delivers it to the proper person.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


escrow
a deed delivered to a third party to hold until fulfilment of a condition, when it will be delivered; e.g. a conveyance executed by a vendor of property and delivered to his solicitor pending completion by the purchaser's paying the purchase price.

Collins dictionary of law. . 2001.


escrow
The holding of funds or documents by a neutral third party prior to closing a sale. For example, buyers and sellers of real estate commonly hire an escrow agent to facilitate the transfer. Business sales also sometimes involve escrow arrangements.
Category: Business, LLCs & Corporations
Category: Real Estate & Rental Property

Nolo’s Plain-English Law Dictionary. . 2009.

escrow
This term has two meanings:
• In the context of execution of documents, where a document is delivered in escrow, it will have been executed by all parties and cannot be recalled. The document will not take effect until the fulfilment of the specific condition(s) (the escrow condition(s)). Any escrow condition must be set out in writing. If the escrow condition is never fulfilled, the document will never take effect.
• In the context of information technology, the independent storage of the source code (by an escrow agent) on terms that permit the release of such a code on the occurrence of specified events.
+ escrow
USA
A legal arrangement in which an asset (such as cash or stock) is deposited into an escrow account under the trust of a third party (the escrow agent) until satisfaction of a contractual contingency or condition.
Related links
Execution of deeds and documents

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


escrow
n. An arrangement under which something (money, a document, or property) is held in trust by a third party until the occurrence of a condition allowing its release to a party to an underlying transaction. For example, a down payment may be held in escrow, typically by the realtor or a lawyer, until the closing of a real estate transaction.

Webster's New World Law Dictionary. . 2000.


escrow
Something of value, such as a deed, stock, money, or written instrument, that is put into the custody of a third person by its owner, a grantor, an obligor, or a promisor, to be retained until the occurrence of a contingency or performance of a condition.

Dictionary from West's Encyclopedia of American Law. 2005.


escrow
I
Something of value, such as a deed, stock, money, or written instrument, that is put into the custody of a third person by its owner, a grantor, an obligor, or a promisor, to be retained until the occurrence of a contingency or performance of a condition.
II Money or a written instrument such as a deed that, by agreement between two parties, is held by a neutral third party (held in escrow) until all conditions of the agreement are met.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

escrow
   1) n. a form of account held by an "escrow agent" (an individual, escrow company or title company) into which is deposited the documents and funds in a transfer of real property, including the money, a mortgage or deed of trust, an existing promissory note secured by the real property, escrow "instructions" from both parties, an accounting of the funds and other documents necessary to complete the transaction by a date ("closing") agreed to by the buyer and seller. When the funding is complete and the deed is clear, the escrow agent will then record the deed to the buyer and deliver funds to the seller. The escrow agent or officer is an independent holder and agent for both parties who receives a fee for his/her/its services.
   2) n. originally escrow meant the deed held by the escrow agent.
   3) n. colloquially, the escrow agent is called an "escrow," while actually the escrow is the account and not a person.
   4) v. to place the documents and funds in an escrow account, as in: "we will escrow the deal."
   See also: escrow agent

Law dictionary. . 2013.

Look at other dictionaries:

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  • Escrow — Es crow, n. [OF. escroe, escroue, a roll of writings, bond. See {Scroll}.] (Law) A deed, bond, or other written engagement, delivered to a third person, to be held by him till some act is done or some condition is performed, and then to be by him …   The Collaborative International Dictionary of English

  • escrow — The holding on to of money or a written document, such as shares or a deed, until certain conditions are met by the two contracted parties. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

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  • escrow — n. /es kroh, i skroh /; v. /i skroh , es kroh/, Law. n. 1. a contract, deed, bond, or other written agreement deposited with a third person, by whom it is to be delivered to the grantee or promisee on the fulfillment of some condition. 2. in… …   Universalium

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