Escrow
A Law Dictionary, Adapted to the Constitution and Laws of the United States · John Bouvier · 1839
A Law Dictionary, Adapted to the Constitution and Laws of the United States
conveyancing, contracts, is a conditional delivery of a deed to a stranger, and not to the grantee himself, until certam conditions shall be performed, and then it is to be dehvered to the grantee. Until the condition be performed and the deed delivered over, the estate does not pass, but remains in the grantor.
2 Johns. R. 248; Perk. 137, 138.
Generally, an escrow takes effect from the second delivery, and is to be considered as the deed of the party from that time; but this general rule does not apply when justice requires a resort to fiction. The relation back to the first delivery, so as to give the deed effect from that time, is allowed in cases of necessity, to avoid injury to the operation of the deed, from events happening between the first and second delivery. For example when a feme sole makes a deed and delivers it as an escrow, and then marries before the second delivery, the relation back to the time when 307; 4 Kent, Com. 446; Cruise, Dig. t.
32, c. 2, 8. 87 to 91; Com. Dig. Fait, (A 3); 18 Vin. Ab. 29.