Definition of "escrow" []

• Money, property, a deed, or a bond put into the custody of a third party for delivery to a grantee only after the fulfillment of the conditions specified. (noun)
• To place in escrow. (verb-transitive)
• In escrow In trust as an escrow. (idiom)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "The $16.4 billion in escrow will be distributed to us at our request upon certain conditions as outlined in the UST Credit Agreement."
• "Any unused amounts in escrow on June 30, 2010 are required to be used to repay the UST Loans and GMCL Canadian Loan with EDC."
• "The supervising attorneys would be paid, based on an hourly rate, from federal funding and/or a combination of voluntarily paid funds from the nation's foreclosers, with funds held in escrow by a trustee appointed by the DOJ."