Escrowing
/ˈɛskroʊɪŋ/
Definitions
- (v.) The act of placing funds or property in the custody of a neutral third party until specified conditions are met.
The buyer is escrowing the purchase price until the title is verified.
Forms
- escrow (base form)
Related terms
See also
Commentary
Commonly used in real estate and commercial transactions, escrowing ensures security and trust by involving a neutral holder for assets during transaction completion.
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.