Funds or assets held in escrow are temporarily transferred to and held by a third party, usually on behalf of the buyer and seller, to facilitate the transaction.
“In escrow” is often used in real estate transactions where property, cash and title are held in escrow until predetermined conditions are met.
Escrow is often associated with real estate transactions, but can be applied to any situation where funds are transferred from one party to another.
Valuables held in escrow may include valuables, real estate, money, stocks and other securities.