escrow

Definitions (2)

1. Documents, real estate, money, or securities deposited with a neutral third party (the escrow agent) to be delivered upon fulfillment of certain conditions, as established in a written agreement.
2. An account held by the lender into which a homeowner pays money for taxes and insurance.

Use escrow in a sentence

You may need to hold something in escrow if that will allow you to have a better chance to get to it later.

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The will of a deceased person often contains valuable escrow, sadly enough this causes disputes between members of families and friends alike.

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The payments on our home loan are comprised of not only interest and principal due the bank but escrows for real estate taxes and homeowners insurance.

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