real estate
escrow
A financial arrangement where a third party holds funds or assets until a transaction is complete.
Example
"During the home purchase, $5,000 was held in escrow until the inspection was completed."
💡 Memory Tip
ES-crow — imagine a crow (third party) holding your money in its nest until the deal is done.
Etymology
From Old French 'escroe' meaning 'scrap of paper, scroll' — the document held by a third party.
Common Misspellings
escroescrowescroeiscrowescrou
Related Terms
See Also
closing coststitle