Escrow Agreement
/ˈɛskroʊ əˌɡriːmənt/
Definitions
- (n.) A binding contract where a third party holds funds or property pending fulfillment of agreed conditions.
The parties signed an escrow agreement to secure the funds until the sale was completed.
Forms
- escrow agreements
Related terms
See also
Commentary
Commonly used in real estate and commercial transactions to ensure performance before asset transfer.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.