Escrow

[Sarah]

A deed, bond, or other written engagement, delivered to a thirdperson, to be held by him till some act is done or some condition isperformed, and then to be by him delivered to the grantee.Blackstone.

[Sarah]

Noun. Real estate term. Period of time in which your money is with a title company, the deed is with the title company, and you're waiting to get the house you're buying. Characterized by increasing bouts of anxiety, craziness, and buyer's remorse as the insurance gets turned down, the plumbing -- and your dreams -- dissolve, and your hard-earned money diminishes at a rapid rate.

[Sarah]

(n.) A deposit held in trust or as security; in escrow, phr. used of money, etc., so held. (N. Amer.)

or

(v.) To put in escrow.

there now ya know

[Kit]

an agreement between two people or organizations in which money or property is kept by a third person or organization until a particular condition is met :

[Couch Potatoe]

A bond, deed, or other document kept in the custody of a third party and taking effect only when a specified condition has been fulfilled.

[Tariq Zaki]

To place in escrow.

[EfrainaLign]

A written instrument, such as a deed, temporarily deposited with a neutral third party (the Escrow agent), by the agreement of two parties to a valid contract. The escrow agent will deliver the document to the benefited party when the conditions of the contract have been met. The depositor has no control over the instrument in escrow.

[Mendocky]

In common law, escrow applied to the deposits only of instruments for conveyance of land, but it now applies to all instruments so deposited.

[Urooj.Zafar]

Escrow is a legal arrangement in which a third party holds and regulates payment or important documents for the primary transacting parties, with the disbursement dependent on conditions agreed by the transacting parties. It is designed to ensure transactions are completed securely and safely, reducing the risk of fraud by ensuring the payment is only released when all conditions of the agreement are met. It is commonly used in real estate transactions, online sales, and other situations requiring a neutral party to oversee the transaction.

[mehmood]

Money or other property so deposited is also loosely referred to as escrow.