Meaning & use
escrow
Money or a document held by a neutral third party until agreed conditions of a transaction are met.
See it in a sentence
The buyer's deposit was held in escrow until the home inspection was complete.
The lawyer released the funds from escrow once both parties signed the final contract.
A note on using this word
Escrow protects both parties in a deal by ensuring funds or documents change hands only after agreed conditions are satisfied.
Words with a similar meaning
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