escrow Meaning, Definition & Usage

  1. noun a written agreement (or property or money) delivered to a third party or put in trust by one party to a contract to be returned after fulfillment of some condition

WordNet

Es"crow noun
Etymology
OF. escroe, escroue, a roll of writings, bond. See Scroll.
Definitions
  1. (Law) A deed, bond, or other written engagement, delivered to a third person, to be held by him till some act is done or some condition is performed, and then to be by him delivered to the grantee. Blackstone.

Webster 1913