What context can I use each word in?
Learn when and how to use these words with these examples!
escrow
Example
The buyer put the money in escrow until the seller delivered the goods. [escrow: noun]
Example
The lawyer suggested using an escrow service to hold the funds until the contract was signed. [escrow: adjective]
deposit
Example
I need to deposit this check into my account. [deposit: verb]
Example
The hotel requires a deposit to confirm the reservation. [deposit: noun]
Good things to know
Which word is more common?
Deposit is more commonly used than escrow in everyday language. Deposit is a versatile term that covers a wide range of financial transactions, while escrow is more specific and often used in real estate and legal contexts.
What’s the difference in the tone of formality between escrow and deposit?
Both escrow and deposit are formal terms that are commonly used in financial and legal contexts. However, escrow may be considered more formal due to its association with legal agreements and real estate transactions.
