ETYM Old Fren. escroe, escroue, a roll of writings, bond. Related to Scroll.
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.
Law, deed held by a third party until certain conditions are fulfilled. in escrow, held by a third party.
In law, a document sealed and delivered to a third party and not released or coming into effect until some condition has been fulfilled or performed, whereupon the document takes full effect.
Money deposited with a neutral third party to be delivered when conditions of a contract are fulfilled, as in real estate transactions, is commonly referred to as escrow.