1. money, property, or documents held by a third party until certain conditions are met
Usage: legal; finance

1. to place money, property, or documents in escrow
Usage: legal; finance

Examples

• The buyer’s deposit was held in escrow until the sale was completed.
• Our lawyer will escrow the funds until both parties sign the contract.
• The escrow account ensures that property taxes are paid on time.
• They decided to escrow the deed until all inspections were finished.
• The escrow agent released the money after the conditions were met.
• We put $5,000 in escrow as a good faith deposit.
• The bank will escrow part of your monthly payment for insurance.