| 单词 | escrow |
| 释义 | escrow (once / 23545 pages) n If you buy a house, you'll have to put money in escrow, which means you give it to a third party (like a bank), while the seller actually brings the deed and signs it over to you. The word escrow comes from the Old French escroue meaning "scrap, roll of parchment." Think of an escrow as a deed rolled up and delivered to a trusted person who hangs onto it, only giving out the money on the deed after the person who's supposed to get it does whatever he agreed to do. It's a safe way to do business, and prevents sellers from running off with your money before they've given you what you bought. WORD FAMILYescrow: escrows USAGE EXAMPLESMs. Power also set up an escrow account to personally pay the school fees through high school for Toussaint’s siblings. New York Times(Dec 16, 2016) United allows borrowers to waive escrow on all conventional loans with down payments of at least 10 percent. Washington Post(Dec 06, 2016) Lenders create escrow accounts to pay insurance and tax bills on a mortgaged property when they come due. Wall Street Journal(Nov 30, 2016) n a written agreement (or property or money) delivered to a third party or put in trust by one party to a contract to be returned after fulfillment of some condition Hyper written agreement a legal document summarizing the agreement between parties |
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