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For escrows of computer source code, see source code escrow. An escrow is: a contractual arrangement in which a third party receives and disburses money or documents for the primary transacting parties, with the disbursement dependent on conditions agreed to by the transacting parties, or.
1 ) n. a form of account held by an  escrow agent  ( an individual , escrow company or title company ) into which is deposited the documents and funds in a transfer of real property , including the money , a mortgage or deed of trust , an existing promissory note secured by the real property , escrow  instructions  from both parties , an ...