How to Pronounce "escrow"

word

Definition

A financial arrangement where a third party holds money or property until certain conditions are met in a transaction, often used in real estate or online sales.

Listen in Context

The money will be kept in escrow until the house is sold.

We used an escrow service to buy the car safely.

All payments go through escrow until the work is finished.

If you don't trust the seller, it's smart to use escrow.