ESCROW


Meaning of ESCROW in English

n. /es"kroh, i skroh"/ ; v. /i skroh", es"kroh/ , Law.

n.

1. a contract, deed, bond, or other written agreement deposited with a third person, by whom it is to be delivered to the grantee or promisee on the fulfillment of some condition.

2. in escrow , in the keeping of a third person for delivery to a given party upon the fulfillment of some condition.

v.t.

3. to place in escrow: The home seller agrees to escrow the sum of $1000 with his attorney.

[ 1590-1600; escro ( u ) we, OF escro ( u ) e. See SCROLL ]

Random House Webster's Unabridged English dictionary.      Полный английский словарь Вебстер - Random House .