I. ˈeˌskrō, ə̇ˈs-, eˈs- noun
( -s )
Etymology: Middle French escroe, escroue bit, scroll, strip of parchment — more at scroll
1. : a deed or bond, money, or a piece of property delivered into the keeping of a third party by one party to a contract or sometimes taken from one party to a contract and put in trust to be returned only upon the performance or fulfillment of some condition of the contract or to insure such performance or fulfillment by some other disposition
2. : a fund or deposit serving as or designed to serve as an escrow
expenses in connection with an escrow established to ensure the payment of the property tax on the house
the proposed escrow of funds to ensure completion is acceptable — Veterans Administration Tech. Bulletin
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- in escrow
II. ə̇ˈs-, (ˈ)e|s- transitive verb
( -ed/-ing/-s )
: to place in escrow
escrow a certain amount of money for the payment of taxes
a certification of loan disbursement showing the loan proceeds which have been escrowed — Veterans Administration Tech. Bulletin