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escrow

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia, Hutchinson 0.04 sec.

escrow

Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. In commercial usage, this condition is most often the performance of an act (e.g., payment) by the party who is to receive the instrument. Escrow is also used in family transactions (e.g., when a death in the family results in an instrument being delivered to another family member).

(security)escrow - An arrangement where something (generally money or documents) is held in trust ("in escrow") by a trusted third party until certain agreed conditions are met. In computing the term is used for key escrow and also for source code escrow.
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Escrow Settlement: Online banking provider Digital Insight Corp.
Escrow settlement by Los Angeles Business Journal
LANCASTER -- The California Escrow Association has announced the revitalization of the Escrow Associates of the Antelope Valley, a nonprofit organization serving escrow professionals.
GROUP REVITALIZED FOR ESCROW AGENTS by Daily News (Los Angeles, CA)
Putting proceeds from a sales transaction into escrow does not guarantee that a cash-basis taxpayer can use installment reporting.
Using the installment method with escrow arrangements by Andreozzi, William G. / The Tax Adviser
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