Word: escrow Word origin: late 16th century: from Old French escroe ‘scrap, scroll’, from medieval Latin scroda, of Germanic origin; related to shred. Phonetic: ˈɛskrəʊ Listen:
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.
place in custody or trust until a specified condition has been fulfilled. Example: those funds are escrowed for the purpose of improving municipal services
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