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Escrow (view source)

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Escrow is the money or a written instrument such as a deed that, by agreement between two parties, is held by a neutral third party (held in escrow) until all conditions of the agreement are met.

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Escrow is the money or a written instrument such as a [[deed]] that, by agreement between two parties, is held by a neutral third party (held in escrow) until all conditions of the agreement are met.

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In other words, escrow is money held but not released until certain conditions are met.

[[category:legal terms]]

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