escrow
pronunciation
How to pronounce escrow in British English:
UK ['eskrəʊ]
How to pronounce escrow in American English:
US ['eskroʊ]
-
- Noun:
- a written agreement (or property or money) delivered to a third party or put in trust by one party to a contract to be returned after fulfillment of some condition
Word Origin
- escrow
- escrow: see scroll
- escrow (n.)
- 1590s, from Anglo-French escrowe, from Old French escroe "scrap, small piece, rag, tatter, single parchment," from a Germanic source akin to Old High German scrot "a scrap, shred, a piece cut off" (see shred (n.)). Originally a deed delivered to a third person until a future condition is satisfied, which led to sense of "deposit held in trust or security" (1888).
Example
- 1. Banks now have to put money into an escrow account instead of lending directly to developers .
- 2. Why not resume oil exports from the east , paying into an international escrow account to buy humanitarian supplies ?
- 3. So I proposed that the pirate party platform require proprietary software 's source code to be put in escrow when the binaries are released .
- 4. The escrow account will be temporary , however , and athens has agreed to change its constitution to make debt repayment the top priority in government spending .
- 5. Oil supplies from rebel-held areas should be exempted , while payments for libyan oil should be placed into a un escrow account , and distributed for humanitarian purposes .