escrown.
/ˈɛskrəʊ/, /ɛˈskrəʊ/, U.S. /ˈɛskroʊ/, /ɛˈskroʊ/ Law.
a. (See quots.)
ΘΚΠ
society > law > legal document > types of legal or official document > [noun] > deed > taking effect on condition
escrow1598
escroll1622
1598 tr. J. Kitchin Jurisdictions (1675) 449 It was delivered as an Escrow upon condition.
1708 Rastell's Termes de la Ley (new ed.) 306 An Escrow is a Deed delivered to a third person to be the Deed of the party upon a future condition.
1885 Law Times Rep. 51 663/1 The part signed by the defendant was only an escrow in the hands of her solicitor, and not to take effect until the other part was signed by the plaintiff.
b. A deposit held in trust or as security. in escrow: used of money, etc., so held. North American.
ΘΚΠ
society > trade and finance > financial dealings > moneylending > [adverb] > as security
in escrow1888
1888 Boston (Mass.) Jrnl. 17 Oct. 1/7 $800,000 is held in escrow to pay off unmatured bonds.
1932 Amer. Mercury May 44/2 Ralston now had in his possession diamonds believed to be worth at least $1,500,000, ample security for the $300,000 which had been placed in escrow, and which he immediately paid over to the prospectors.
1957 Economist 30 Nov. 777/2 About $100 million in fees from the disputed area of Louisiana have been put in escrow pending the court's decision.
1967 P. G. Wodehouse Company for Henry i. 27 ‘I am temporarily not in possession of a watch.’ ‘Pawned it?’ ‘It is for the moment in escrow.’
This entry has not yet been fully updated (first published 1891; most recently modified version published online March 2022).
escrowv.
/ˈɛskrəʊ/, /ɛˈskrəʊ/, U.S. /ˈɛskroʊ/, /ɛˈskroʊ/ U. S. Law. To place in escrow.
ΘΚΠ
society > trade and finance > financial dealings > types of money-dealing > [verb (transitive)] > pledge (of money, land, etc.) as security
obligec1325
obligate1541
escrow1961
1961 in N. Webster .
1975 Business Week 22 Dec. 34/3 The bankers raised the money by escrowing Hughes' 6.5-million shares of TWA common.
1987 Bond Buyer 21 Apr. 22/3 Nearly all prerefunded bonds are escrowed to the call date with U.S. Treasury bonds.
Derivatives
escrowed adj.
ΘΚΠ
society > trade and finance > financial dealings > types of money-dealing > [adjective] > other attributes of investments or capital
sound1601
unexchanged1618
discountable1771
defensive1857
uncalled1869
callable1874
pooled1888
unwatered1893
labile1894
aggressive1899
non-callable1902
geared1930
escrowed1946
undynamized1969
banded1987
1946 U.S. Veterans' Admin. Guaranty 42 The amount payable on account of such guaranty or insurance shall be reduced ratably by crediting to the indebtedness for such purpose the amount of the escrowed or earmarked funds.
1975 Dun's Rev. Feb. 48/1 Investors..are receiving their interest from the escrowed money.
1985 Globe & Mail (Toronto) 10 Oct. b13/1 (advt.) Canadian R&D company..wishes to take over existing SRTC Research Liabilities from $10 million upwards and corresponding escrowed funds.
This entry has not yet been fully updated (first published 1993; most recently modified version published online March 2022).
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n.1598v.1946