| 单词 | escrow |
| 释义 | escrow escrow /; AmE / noun [U,C]
(IT ; Law ) an arrangement in which sth valuable, such as a document, an amount of money, etc. is held by an independent person or organization until a particular condition has been met, when it is transferred to the person or organization who has a right to claim it; a document or other valuable item held in this way: The shares will be held in escrow pending completion of the sale. The company has paid 1.5 million into an escrow account to cover potential tax liabilities. Find out if the monthly payment on your loan includes escrows for taxes and insurance.
escrow verb [+ obj] (especially AmE): The user can escrow the key for the encryption code with a solicitor, bank, colleague or friend. |
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