What is Escrow Agreement?

A definition of Escrow Agreement

“An escrow agreement is a legal arrangement in which a third party temporarily holds funds or property until specified conditions are met.”

Escrow Agreement in Business Glossary - What is an Escrow Agreement?

Business Glossary > What is Escrow Agreement?


Examples of Escrow Agreement in a Sentence:

The escrow agreement ensures that the funds are released only when all conditions are satisfied.

We signed an escrow agreement for the property purchase.

An escrow agreement adds a layer of protection for both parties.

Why is Escrow Agreement Important in Business?

Escrow agreements are crucial for ensuring that transactions are completed only under agreed conditions, providing security and confidence for both parties involved in the deal.

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Associated Terms

Here are some associated business terms and synonyms for “Escrow Agreement”:

  • Escrow Contract
  • Escrow Arrangement
  • Conditional Deposit

Apple Escrow Agreement

Apple often uses escrow agreements to ensure that funds are held securely during business transactions, such as acquisitions and large-scale procurements, until both parties fulfill their contractual obligations.

Final Notes on Escrow Agreement

When creating an escrow agreement, parties should clearly define the conditions, responsibilities, and time frames to avoid disputes and ensure smooth transactions.


This has been a definition of Escrow Agreement meaning.

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