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escrow |
Also found in: Legal, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
escrow [ˈɛskrəʊ ɛˈskrəʊ] Law n 1. (Law) money, goods, or a written document, such as a contract bond, delivered to a third party and held by him pending fulfilment of some condition 2. (Law) the state or condition of being an escrow (esp in the phrase in escrow) vb (tr)
(Law) to place (money, a document, etc.) in escrow [from Old French escroe, of Germanic origin; see screed, shred, scroll] ThesaurusLegend: Synonyms Related Words Antonyms
Translations escrow [ˈeskrəʊ] escrow How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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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. The new mortgage includes escrowing municipal taxes, which eliminates the risk of future delinquency. 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. |
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