Escrow

['eskrəʊ] or [ɛs'kro]

Definition

(noun.) a written agreement (or property or money) delivered to a third party or put in trust by one party to a contract to be returned after fulfillment of some condition.

Editor: Tracy--From WordNet

Definition

(n.) A deed, bond, or other written engagement, delivered to a third person, to be held by him till some act is done or some condition is performed, and then to be by him delivered to the grantee.

Editor: Verna