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Custodial vs Escrow - What's the difference?

custodial | escrow |

As an adjective custodial

is providing protection, care, supervision or guarding.

As a noun escrow is

(legal) 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.

As a verb escrow is

to place in escrow.

custodial

English

Adjective

(en adjective)
  • Providing protection, care, supervision or guarding
  • Of, pertaining to or providing custody, especially of a child
  • Providing punishment by incarceration

    • Derived terms

    * custodial account * custodial area * custodial care * custodial interrogation * custodial parent * custodial rape * custodial sentence * custodial symmetry

    Related terms

    * custodian * custody

    External links

    * * *

    escrow

    English

    (wikipedia escrow)

    Noun

    (en noun)
  • (legal) 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.
  • (legal) In common law, escrow applied to the deposits only of instruments for conveyance of land, but it now applies to all instruments so deposited.
  • (legal) Money or other property so deposited is also loosely referred to as escrow.
  • The state of property deposited with an escrow agent.
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    • Verb

    (en verb)
  • To place in escrow.
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    • See also

    * impound

    Anagrams

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