escrow
noun
, e-ËskrÅ\
Definition of escrow
(Entry 1 of 2)
escrow
verb
, Ëe-ËskrÅ
\
Definition of escrow (Entry 2 of 2)
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Examples of escrow in a Sentence
Recent Examples on the Web: Noun
In an October 2018 email, Dream Center officials were preparing to request funding from an escrow account managed by the department. — New York Times, "Emails Show DeVos Aides Pulled Strings for Failing For-Profit Colleges," 23 July 2019 In February, the Justice Department moved to seize tens of millions more in bank and escrow accounts traced to McFarland. — Shashank Bengali, latimes.com, "The global financial scandal that has spread from Malaysia to Hollywood," 10 July 2019 The California Association of Realtors reports closed escrow sales of existing, single-family homes in California totaled 389,690 units in June, down 4.2 percent from May and down 5.1 percent from home sales in June 2018. — Rose Meily, The Mercury News, "California home sales fall in June, price growth softens," 26 July 2019 That could include a home warranty, title or escrow fees, and home and carpet cleaning. — Janna Herron, USA TODAY, "No contingencies, no problem: How to land a home in a tough housing market," 8 July 2019 In the aftermath of Kavanaughâs confirmation, liberal activists began crowdfunding an effort to hold money in escrow for the eventual Democratic nominee to challenge Collins. — James Pindell, BostonGlobe.com, "Sara Gideon, speaker of the Maine House, to challenge Susan Collins," 24 June 2019 Almost 60 vacant lots in Paradise have sold since the fire, according to the Multiple Listings Service, which lists transactions handled by agents; an additional 68 are in escrow and 193 are currently available on the market. — Washington Post, "Driven from Paradise by ï¬re, kept out by gentriï¬cation?," 20 June 2019 When escrow closed April 22 of this year, Mirzakhanian filed for a writ of eviction because a man had been found residing at the home. — Sara Cardine, latimes.com, "For-profit party at La Cañada house leads officials to a homeowner battling squatters," 19 June 2019 Leanna Lee was in escrow to buy the wine bar â once one of Idyllwildâs most popular hangouts â when the roads went out. — James Rainey, Los Angeles Times, "Idyllwild prized its isolation. Now, with the roads into town wrecked, it feels all alone," 21 July 2019Recent Examples on the Web: Verb
According to the survey, 25 of 31 union representatives call escrow the biggest bargaining issue. — Alyssa Thomas, BostonGlobe.com, "Alyssa Thomas leads Connecticut Sun to 12th straight win at home," 17 June 2019 When property is transferred from seller to buyer, the title company (or escrow company, as it is called out west) goes to the local recorder of deeds. — Benny L. Kass, chicagotribune.com, "Paid off your house? You don't need a deed," 20 July 2017 Burns will escrow the $1,000 donation from Bakken until Madison employment officials issue a decision in the Nordic case, according to Amanda Brink, a Burns spokeswoman. — Daniel Bice, Milwaukee Journal Sentinel, "Bice: State Democrats rake in cash from businessman caught up in sexual harassment case," 20 Feb. 2018 Happily, the money got to escrow just before the sellersâ patience had worn thin. — Leslie Sargent Eskildsen, Orange County Register, "Happy endings that donât happen every day," 1 Jan. 2017These example sentences are selected automatically from various online news sources to reflect current usage of the word 'escrow.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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More Definitions for escrow
escrow
nounFinancial Definition of escrow
What It Is
Escrow is a financial arrangement whereby a third party holds funds in safekeeping pending the completion of a contract or other obligation.
How It Works
For example, let's assume a situation where someone is purchasing a home. Instead of immediately giving the seller the purchase amount, the buyer may deposit the money into an escrow account and attach certain stipulations to the purchase agreement. These stipulations might include performing necessary repairs to the property, catching up on property taxes, or passing an inspection.
In turn, the escrow agent will not give the seller the money until they meet those requirements, and to protect the seller, the agent will not return the money to the buyer until the seller has failed to meet their obligations.
Why It Matters
Escrow protects both the buyer and the seller in a transaction by ensuring that both parties perform according to the provisions of the deal. Escrow fees are common costs associated with buying and selling houses and other real estate.
Source: Investing Answers
escrow
noun
\
Legal Definition of escrow
(Entry 1 of 2)
escrow
transitive verbLegal Definition of escrow (Entry 2 of 2)
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