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in escrow
Idioms and Phrases
In trust with a third party for delivery after certain conditions are fulfilled. For example, Our down payment on the house is in escrow until the current owner makes the promised repairs . This legal term dates from the late 1800s.Example Sentences
Insurance payouts can accrue significant interest while the money sits in escrow during rebuilding, bill proponents say.
California law already requires lenders to pay homeowners the interest on escrowed funds for property taxes and insurance but not for insurance payouts held in escrow, according to the governor’s office.
Six years after the freeway was officially declared dead, Payan is in escrow to buy her house from the California Department of Transportation.
About two dozen tenants are in escrow to buy their homes.
Renters fear they may remain in escrow for as long as two years before Caltrans completes repairs to their homes.
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Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
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