Synonyms for

Escrow

Verb / eˈskrəʊ / / ˈeskrəʊ / Another word for escrow — explore alternatives below. For syllable breakdowns and pronunciation, see this word on Syllablesworld.

Definition

Escrow is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction.

Synonyms & similar words

deposit bond guarantee security pledge trust collateral warranty assurance surety protection coverage indemnity backing insurance bail earnest retainer

Example sentences

  1. The seller wanted the buyer to put the money in escrow until the product was delivered.
  2. The lawyer held the money in escrow until the case was settled.
  3. The company used an escrow account to hold the funds for the project.
  4. The bank acted as an escrow agent to hold the down payment for the house.
  5. The buyer and the seller agreed to use an escrow service to protect both of them.

Quotes

  • Escrow is a legal arrangement in which a third party holds assets in safekeeping pending a transaction between two parties.
  • Escrow helps ensure that both parties in a transaction meet their obligations before any money or assets exchange hands.
  • Escrow is an important tool for protecting both buyers and sellers in a transaction.

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