escrow

Meanings

• noun

  A process by which a third party holds and transfers or disburses funds or assets on behalf of two parties in a transaction, especially in real estate.

  - "In the real estate transaction, the seller's lawyer acts as an escrow agent and holds the deed and the purchase price until the conditions of the sale have been met."
  - "The escrow process ensures that both parties fulfill their obligations before the property transfer takes place."

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Rhymes

Words rhyming with escrow
clover , over , dover , lover

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Variants

List of all variants of escrow that leads to same result
escrow , escrows , in escrow , escrowed , escrowing

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Etymology

origin and the way in which meanings have changed throughout history.

Originally from the Old French word 'escroire' meaning 'to hand over' or 'to deliver'.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Did you know that the first recorded use of the term 'escrow' in real estate transactions was in California in the late 1800s?

2. In the film industry, an escrow account is used to hold the profits from a movie until all the production costs have been paid off.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. trust account: A type of bank account that is used to hold and manage funds on behalf of another person or entity. An escrow account is a common type of trust account.

2. escrow agreement: A legally binding contract between the buyer and seller that outlines the terms and conditions of the escrow process.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

In literature, escrow is used as a metaphor for trust and security. In art, it can be depicted as a safe or a vault, symbolizing the protection of valuable assets.

How to Memorize "escrow"

1. visualize
   

   - Imagine a safe or a vault, where funds or assets are held until certain conditions are met. This is the basic concept of an escrow.

2. associate
   

   - Associate the word 'escrow' with the idea of trust and security. Remember that it is a process where a third party holds and transfers funds or assets on behalf of two parties.

3. mnemonics
   

   - Use the mnemonic 'Escrow: Ensure Safe Conditions for Ownership Transfer' to remember the meaning of the word.

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