escrow: Meaning and Definition of

es•crow

1. a contract, deed, bond, or other written agreement deposited with a third person, by whom it is to be delivered to the grantee or promisee on the fulfillment of some condition.
2. in the keeping of a third person for delivery to a given party upon the fulfillment of some condition.

1. to place in escrow: The home seller agrees to escrow the sum of $1000 with his attorney.