Home & Housing

Escrow

ˈeskroʊ

noun

What does Escrow mean?

A neutral account holding funds during a transaction.

Example sentence

"Property taxes are paid from escrow."

American usage tip

Your mortgage payment often includes escrow.

Related Home & Housing words

Crawl space
A shallow space under a house.
Lease
The rental contract for an apartment or house.
HOA
Homeowners Association — manages a neighborhood with fees and rules.
Deck
A raised wooden platform behind a house.
Appraisal
A professional estimate of a home's value.
Sump pump
A pump that removes water from basements.
Notice
Formal warning before ending a lease.
Attic
The space under the roof.

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