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in escrow
In trust with a third party for delivery after certain conditions are fulfilled. For example, Our down payment on the house is in escrow until the current owner makes the promised repairs. This legal term dates from the late 1800s.
Example Sentences
Roughly 145 burned lots have sold so far, around 100 are currently listed, and dozens more are in escrow.
As part of the settlement, the SEC agreed to return to Ripple $75 million of a $125-million penalty it held in escrow.
Insurance payouts can accrue significant interest while the money sits in escrow during rebuilding, bill proponents say.
California law already requires lenders to pay homeowners the interest on escrowed funds for property taxes and insurance but not for insurance payouts held in escrow, according to the governor’s office.
Six years after the freeway was officially declared dead, Payan is in escrow to buy her house from the California Department of Transportation.
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