Escrows
/ˈɛskroʊz/
Definitions
- (n.) Funds or assets held by a third party on behalf of two other parties in a transaction until specified conditions are met.
The buyer's payment was placed in escrows until the property title was cleared.
Forms
- escrow
Related terms
See also
Commentary
Escrow is often singular; 'escrows' is the plural form referring to multiple such arrangements.
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.