depósito en garantía
/deposito en ɡaɾantia/from spelling rules
Escrow in Spanish is depósito en garantía.
This term is used in legal and financial contexts to describe funds or assets held by a third party to secure the fulfillment of a contract.
Meaning: contractual arrangement (noun)
What does it mean word for word?
The phrase is composed of depósito (deposit), en (in) and garantía (guarantee).
Is it said differently in some regions?
In Spain, depósito en garantía is occasionally used in legal settings. In some Latin American countries, custodia or custodia de dinero are alternate formal expressions for escrow.
Did you know?
- If you are dealing with a real estate transaction in Mexico, you might hear the term fideicomiso used for more complex escrow-like arrangements involving a trust.
- While depósito en garantía is the formal term, the word custodia can refer to both financial escrow and the legal custody of a child.
- The word garantía shares its ancestry with the French garantie, making it a linguistic cousin to the English 'guarantee' through a Catalan intermediary.
Examples in context
- El dinero será retenido en fideicomiso hasta que se complete la transacción.The money will be held in escrow until the transaction is completed.
- Antes de recibir el artículo, el dinero se pone en garantía.Before receiving the item, the money is put in escrow.
- Por seguridad, el pago se realizará a través de una cuenta de confianza.For security purposes, the payment will be done through a trust account (escrow).
- El dinero está en un depósito en garantía.The money is in an escrow account.
- Necesitamos establecer un depósito en garantía para el contrato.We need to establish an escrow for the contract.
- El depósito en garantía protege a ambas partes.The escrow protects both parties.
Example conversation
Two people are discussing the terms of a property purchase.
- MateoMaría, ¿cuándo hacemos el depósito en garantía?María, when do we make the escrow deposit?
- MaríaLo haremos mañana con el abogado, Mateo.We will do it tomorrow with the lawyer, Mateo.
- MateoEs mejor así para asegurar la transacción.It is better this way to secure the transaction.
- MaríaSí, el depósito en garantía protege a ambos.Yes, the escrow protects both of us.
Sources
- IPA marked “from spelling rules” is derived from standard Spanish spelling, where Wiktionary gives none.
- Word origins: Wiktionary entries depósito, en, garantía, CC BY-SA 4.0.
