System in which things of value (e.g., money
or documents) are held on behalf of parties to a
transaction by a disinterested third party (escrow
agent) until specific conditions have been
satisfied. Also called: In Escrow.
Merriam-Webster Online Dictionary
escrow (noun)1.
a deed, a bond, money, or a piece of property held in trust by a third party to be turned over to the grantee only upon fulfillment of a condition
2.
a fund or deposit designed to serve as an escrow
transitive verb
to place in escrow
Risk Free Exam Pass Guarantee
We guarantee to help you pass the Real Estate Salesperson or Broker exams. And if you don’t pass we will refund you in full.
