🔤 Escrow ✨
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📖
URDU
🇬🇧
ENGLISH
📚noun
escrow
🗣️
PRONUNCIATION
Standard: ɛs.kɹəʊ̯
Phonetic: ɛs.kɹəʊ̯
📝
DEFINITION
A written instrument, such as a deed, temporarily deposited with a neutral third party (the escrow agent), by the agreement of two parties to a valid contract. The escrow agent will deliver the document to the benefited party when the conditions of the contract have been met. The depositor has no control over the instrument in escrow.
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