Escrow refers to a legal arrangement where a neutral third party holds money or assets until certain conditions are met before releasing them to the involved parties. It acts as a secure middle ground in a transaction, ensuring both sides fulfill their obligations. In real estate examples of an escrow agent can include a bank, an attorney or a title company.
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Escrow is a financial arrangement where a third party holds and regulates payment of funds or assets between two parties involved in a transaction.
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