escrow
Hello, you have come here looking for the meaning of the word escrow. In DICTIOUS you will not only get to know all the dictionary meanings for the word escrow, but we will also tell you about its etymology, its characteristics and you will know how to say escrow in singular and plural. Everything you need to know about the word escrow you have here. The definition of the word escrow will help you to be more precise and correct when speaking or writing your texts. Knowing the definition ofescrow, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
English
Etymology
From Middle English escrowe, ascrowe (“escrow”), from Old French escroe, escroue (“scroll, strip of parchment”), which has given écrou, from Frankish *skrōda (“a shred”). Doublet of scroll and shred.
Pronunciation
Noun
escrow (countable and uncountable, plural escrows)
- (law) A contractual arrangement whereby money or assets are held in trust by an independent agent by the agreement of the parties, which can only be released to the relevant party once certain contractual conditions have been fulfilled.
- 1987 May 9, “Setting the Record Strai..., um, Out in the Open”, in Gay Community News, page 4:
- GCN staffers wrote and called our landlords, complaining about the building's disrepair, for months before informing them, in September, 1985, that we would pay our rent into an escrow account until repairs were made.
- (informal) The money or assets so held.
Derived terms
Translations
contractual arrangement
|
money or other property so held
|
- The translations below need to be checked and inserted above into the appropriate translation tables. See instructions at Wiktionary:Entry layout § Translations.
Translations to be checked
|
See also
Verb
escrow (third-person singular simple present escrows, present participle escrowing, simple past and past participle escrowed)
- To place in escrow.
- 2007 March 3, Vikas Bajaj, “U.S. Urges Lenders to Revise Standards on Granting Credit”, in New York Times:
- The regulators suggest that in underwriting these loans, lenders be required to take into account the ability of the borrowers to make monthly payments at the higher rates and also property taxes and homeowners insurance, which are often not escrowed monthly in subprime loans.