American Heritage® Dictionary of the English Language, Fourth Edition
- n. Money, property, a deed, or a bond put into the custody of a third party for delivery to a grantee only after the fulfillment of the conditions specified.
- v. To place in escrow.
- idiom. in escrow In trust as an escrow.
Century Dictionary and Cyclopedia
- n. In law, a writing fully executed by the parties, but put into the custody of a third person to hold until the fulfilment of some condition, when it is to be delivered to the grantee. Not until such delivery does it take effect as a deed or binding contract, and then it ceases to be called an escrow. But the word deed is often applied in a loose way to the writing from the time of its execution, in anticipation of its becoming the deed of the party by ultimate delivery.
- n. The conditional execution and deposit of an instrument in such way.
- n. The custody of a writing so deposited.
- n. law A written instrument, such as a deed, temporarily deposited with a neutral third party (the Escrow agent), by the agreement of two parties to a valid contract. The escrow agent will deliver the document to the benefited party when the conditions of the contract have been met. The depositor has no control over the instrument in escrow.
- n. law In common law, escrow applied to the deposits only of instruments for conveyance of land, but it now applies to all instruments so deposited.
- n. law Money or other property so deposited is also loosely referred to as escrow.
- n. The state of property deposited with an escrow agent.
- v. To place in escrow.
GNU Webster's 1913
- n. (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 delivered to the grantee.
- n. a written agreement (or property or money) delivered to a third party or put in trust by one party to a contract to be returned after fulfillment of some condition
- From Middle English escrowl ("scroll"), from Old French escroue. (Wiktionary)
- Anglo-Norman escrowe, variant of Old French escroe, scroll; see scroll. (American Heritage® Dictionary of the English Language, Fourth Edition)
“The $16.4 billion in escrow will be distributed to us at our request upon certain conditions as outlined in the UST Credit Agreement.”
“Any unused amounts in escrow on June 30, 2010 are required to be used to repay the UST Loans and GMCL Canadian Loan with EDC.”
“The supervising attorneys would be paid, based on an hourly rate, from federal funding and/or a combination of voluntarily paid funds from the nation's foreclosers, with funds held in escrow by a trustee appointed by the DOJ.”
“It started with George Jr. giving three trillion dollars in escrow that Bill left back to the masses then declared war on Iraq.”
“The industry last year won favorable Florida legislation capping the amount that tobacco companies must place in escrow in order to appeal judgments in tobacco cases.”
“While the sale was still in escrow, she had it delivered to Aldinger's empty duplex for storage, according to court records.”
“So it would seem to me that a reasonable approach would be to set up a special purpose Corp or LLC (non-profit if possible, for tax benefits) to receive donations in escrow, pending the given contingency (HCR), and manage those donations, in a more or less ordinary way, for the benefit of the donors unless and until the contingency comes to pass.”
“We are in escrow on a house in california the was listed a year ago for twice our offer in February.”
“The state Superior Court judge also ruled Thursday the October rent for Feisal Abdul Rauf's Union City building must be held in escrow until Oct. 19, when the case returns to court.”
“As added security for both parties, funds are held in escrow by Elance and released at the completion of each phase.”
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