escrow in a sentence
n.
Definition
Escrow is a financial arrangement in which a third party temporarily holds funds or assets until specific conditions of a transaction are fulfilled.
Sample Sentences
- The funds for the property purchase were held in escrow until all conditions were met.
- She felt more secure knowing that her deposit was placed in escrow during the home buying process.
- The escrow agent supervised the transaction to ensure all parties adhered to the contract terms.
- After the inspection was completed, the seller agreed to keep the earnest money in escrow until repairs were finalized.
- The closing documents indicated that the buyer's payment would be released from escrow once the title was cleared.