OXFORD 9000
📚 noun • entry_id 13425

escrow

/ˈɛ.skɹəʊ̯/
Meanings (ES + gloss)
fideicomiso
A contractual arrangement whereby money or assets are held in trust by an independent agent by the agreement of the parties, which can only be released to the relevant party once certain contractual conditions have been fulfilled.
GCN staffers wrote and called our landlords, complaining about the building's disrepair, for months before informing them, in September, 1985, that we would pay our rent into an es…
The court will decide which party is the rightful owner of the items in escrow.
Word forms