escrow agreement


A written agreement between an escrow agent and the contractual parties which defines the basic obligations of each party, the money (or other valuables) to be deposited in escrow, and how the escrow agent is to dispose of the money on deposit.

Use escrow agreement in a sentence

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
escrow agent escrow analysis