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English definition of “escrow”

escrow

noun [U] uk   /ˈes.krəʊ/ us    /-kroʊ/ specialized
an agreement between two people or organizations in which money or property is kept by a third person or organization until a particular condition is completed: The money was placed in escrow.Trusts and funds
(Definition of escrow from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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