escrow

A legal arrangement in which a written agreement, property, or money is delivered to a third party or placed in trust by one party to a contract, to be released only after the fulfillment of a specified condition.

• 🇪🇸Acuerdo legal por el cual un contrato, propiedad o dinero se entrega a un tercero o se deposita en custodia hasta que se cumpla una condición determinada, momento en el cual se libera a la parte correspondiente.

1. Financial arrangement C1 formal

   A legal arrangement where money or property is held by a neutral third party until certain conditions of a contract are met.

   • The buyer deposited the funds into an escrow account.
   • The deed was held in escrow until the payment was completed.
   • Escrow protects both parties during a real estate transaction.

   🇪🇸Depósito en garantía

   Sinónimos: safekeepingtrust

• escrows plural form
• escrows' possessive plural form
• escrow's possessive singular form