A written instrument, such as a deed, temporarily deposited with a neutral third party (the escrow agent), by the agreement of two parties to a valid contract. The escrow agent will deliver the document to the benefited party when the conditions of the contract have been met. The depositor has no control over the instrument in escrow.
In common law, escrow applied to the deposits only of instruments for conveyance of land, but it now applies to all instruments so deposited.
The state of property deposited with an escrow agent.
Money or other property so deposited is also loosely referred to as escrow.
To place in escrow.
More specifically, a written declaration that a certain product will be fit for a purpose and work correctly; a warranty
The person to whom a guarantee is made.
A person who gives such a guarantee; a guarantor.
A legal assurance of something, e.g. a security for the fulfillment of an obligation.
Anything that assures a certain outcome.
To make something certain.
To give an assurance that something will be done right.
To assume or take responsibility for a debt or other obligation.