the.com/escrow
Trust issues, formalized: a stranger holds your money so two liars can do business.
means An arrangement where money or property is held by a neutral third party until the conditions of a deal are met, so neither side can cheat the other.
from From Old French 'escroue,' meaning a scrap or strip of parchment — the kind a deed or bond was written on. The word crossed into legal English keeping that sense of a written bond held in trust, and over centuries the paper faded from the meaning while the holding-in-trust part stuck.
- origin
- from old french for a scrap of paper
- real job
- neutral third party holds funds until conditions met
- home buying
- your down payment sits in limbo for weeks
- crypto version
- smart contracts now play the stranger