escrow
nounUK /ˈɛskrəʊ/
US /ˈɛskroʊ/
Money that a trusted person holds until two people finish a deal.
The buyer put the money in escrow until the house was ready.
OTHER MEANINGS
2. A legal arrangement where a third person keeps something safe until a condition is met.
The keys stayed in escrow until the sale was complete.
3. To place money or property with a trusted holder.
They escrowed the funds during the negotiation.
4. The state of being held by a neutral third party.
The documents are in escrow while the lawyers review them.