Louis de Jong
Louis de Jong

Escrow

Escrow is a legal term that refers to a financial instrument in which a third party holds an asset or escrow money on behalf of two other parties who are completing a transaction. Escrow accounts may include escrow fees maintained by agents who hold monies or assets until they receive proper instructions or until contractual obligations are fulfilled. Escrow can be used to hold securities, money, funds, and other assets.

Louis de Jong
Louis de Jong