Escrow Funds
/ˈɛskroʊ fʌndz/
Definitions
- (n.) Funds held by a third party on behalf of transacting parties until agreed conditions are met.
The buyer's payment was placed in escrow funds until the contract was fulfilled.
Forms
- escrow funds
- escrow fund
Related terms
See also
Commentary
Escrow funds involve a neutral holding arrangement crucial for ensuring contractual obligations are satisfied before payment release.
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.