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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.
Definition of 'Escrow Account'. Tweet. An escrow account is a temporary pass through account held by a third party during the process of a transaction between two parties.Definition: An escrow account is a temporary pass through account held by a third party during the process of a transaction between two parties.weet. An escrow account is a temporary pass through account held by a third party during the process of a transaction between two parties.