escrow

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es·crow / ˈeskrō/ Law • n. a bond, deed, or other document kept in the custody of a third party, taking effect only when a specified condition has been fulfilled. ∎  [usu. as adj.] a deposit or fund held in trust or as a security: an escrow account. ∎  the state of being kept in custody or trust in this way: the board holds funds in escrow.

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