escrow

About 0.53 uses per million words.

Meaning

1. noun 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.
2. noun The money or assets so held.
3. verb To place in escrow.

Similar words

trusteeship receivership notary warranty receiver custodian guarantee custody sequestration assurance

Often followed by

account agent agreement holder instructions accounts and or is

Word family

escrowed escrowing escrows