Escrowed
/ˈɛskroʊd/
Definitions
- (adj.) Held in trust by a third party until conditions of a contract are met.
The funds are escrowed until all conditions of the sale are satisfied.
- (v.) Past tense of escrow; to place in escrow for safekeeping or conditional release.
The buyer escrowed the payment pending inspection results.
Forms
- escrow
- escrowing
- escrows
Related terms
See also
Commentary
'Escrowed' functions both as an adjective describing the status of held assets and as the past tense of the verb 'escrow.' Legal drafting often specifies the conditions under which funds or property become escrowed to ensure clarity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.