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.

• 🇫🇷Accord juridique par lequel un contrat écrit, un bien ou de l'argent est remis à un tiers ou déposé par une partie au contrat, pour n'être libéré que lorsqu'une condition déterminée est remplie.

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.

   🇫🇷Séquestre

   Synonymes: safekeepingtrust

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