Adjective "escrowed" definition and examples

(Escrowed may not be an adjective, but it can be used as an adjective, click here to find out.)

Pronunciation

/ˈɛskrəʊ/

Definitions and examples

noun

A bond, deed, or other document kept in the custody of a third party and taking effect only when a specified condition has been fulfilled.
  1. 'The death of the grantor whose deed is held in escrow does not invalidate the escrow.'
  2. 'an escrow account'
  3. 'The Canadian company has been budgeting for damages by setting aside money in an escrow fund.'
  4. 'Instead, deposit it in an escrow account at a reputable bank and have all checks written from that account to the agent and the county.'
  5. 'Now my real estate agent is trying to get me to sign the escrow over to the sellers because they took their house off of the market when they accepted the contract and claim they are therefore owed the escrow.'
  6. 'Unlike legitimate weapons held openly in escrow, illegitimate covert weapons would be usable.'
  7. 'Following the release of the shares from escrow, the remaining balance of 948,733 shares will remain in escrow until March 16, 2008, at which time those shares will be also released from escrow.'
  8. 'He has since refused to return either the Minute Book or the share certificates that were to be held in escrow.'
  9. 'The lender collects the payments and holds them in escrow until the taxes are due to be paid.'

verb

Place in custody or trust until a specified condition has been fulfilled.
  1. 'In this kind of exchange, the real estate owner can avoid tax liability from a property sale by purchasing another property within a six-month window using the escrowed proceeds from the first sale.'
  2. 'The more customers that sign up, the more profitable this company becomes, since it earns interest on escrowed payroll taxes from customers.'
  3. 'So, if you escrow your tax payment, request that duplicate copies of the bill be sent to you by the tax collector and check to make sure the bill is paid.'

More definitions

1. a contract, deed, bond, or other written agreement deposited with a third person, by whom it is to be delivered to the grantee or promisee on the fulfillment of some condition. verb (used with object)

2. to place in escrow: The home seller agrees to escrow the sum of $1000 with his attorney. Idioms

3. in escrow, in the keeping of a third person for delivery to a given party upon the fulfillment of some condition.

More examples(as adjective)

"shares can be escrowed."

"funds can be escrowed."

"stocks can be escrowed."

"keys can be escrowed."

"percents can be escrowed."

More examples++

Origin

(escrow)Late 16th century: from Old French escroe ‘scrap, scroll’, from medieval Latin scroda, of Germanic origin; related to shred.