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escrow
(redirected from escrowing)

    Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia, Hutchinson 0.01 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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A process for escrowing keys is defining a secure place to store keys, a method of getting the keys there, and a way to track the keys to know where they are.
Encryption: secure encrypted backups by careful key management; ... by Starr, Matt / Computer Technology Review
The new mortgage includes escrowing municipal taxes, which eliminates the risk of future delinquency.
First Hallmark lends to the needy by Real Estate Weekly
In such situations, a prudent purchaser will endeavor to avoid post-transaction tax problems by escrowing a sufficient portion of the purchase price to cover any state and local tax contingencies.
Sales/use tax considerations in asset transactions by Schaefer, Frank / The Tax Adviser
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