Glossary term

Escrow

A service that provides transaction security by acting as an impartial trusted third party, holding onto an asset until the terms of a contract have been fulfilled.

  • Updated August 17, 2018
  • First published April 25, 2018
  • Reading time 1 minute
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A service that provides transaction security by acting as an impartial trusted third party, holding onto an asset until the terms of a contract have been fulfilled.

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