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For escrows of computer source code, see source code escrow. An escrow is: a contractual arrangement in which a third party receives and disburses money or documents for the primary transacting parties, with the disbursement dependent on conditions agreed to by the transacting parties, or.
Real Estate Escrow Definition. An escrow is a neutral third-party who holds funds until conditions are met. Real estate escrow means putting something, such as a deed or money, in the custody of a neutral third party until certain conditions are met, according to the website Realty Times. Escrow or title companies often oversee a real estate transaction, from initial deposit to final funding, to ensure a smooth process.