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   escrow

   /ˈɛskrəʊ/

   noun

   • 1. 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.
   • ▪ a deposit or fund held in trust or as a security: "an escrow account"
   • ▪ the state of being kept in custody or trust until a specified condition has been fulfilled: "the board holds funds in escrow"

   verb

   • 1. place in custody or trust until a specified condition has been fulfilled: North American "those funds are escrowed for the purpose of improving municipal services"

   Word Origin late 16th century: from Old French escroe ‘scrap, scroll’, from medieval Latin scroda, of Germanic origin; related to shred.

   Scrabble Points: 11

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