Simple definition
An arrangement where money, documents, code, or other assets are held by a third party pending conditions.
Commercial
What Does Escrow Mean?
An arrangement where money, documents, code, or other assets are held by a third party pending conditions.
Example in a contract
A contract may use “escrow” when describing an arrangement where money, documents, code, or other assets are held by a third party pending conditions.
What escrow means in a contract
In a contract, this term should be read in the context of the surrounding clause, defined terms, cross-references, and governing law.
Why it may matter
Its practical effect depends on the exact wording and how it connects to the rights and obligations elsewhere in the agreement. Review the exact language rather than relying on the label alone.
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FAQ
Questions about escrow.
What does escrow mean in plain English?+
An arrangement where money, documents, code, or other assets are held by a third party pending conditions.
Where might escrow appear in a contract?+
In a contract, this term should be read in the context of the surrounding clause, defined terms, cross-references, and governing law.
Is this definition legal advice?+
No. ClauseInsight provides concise informational explanations. The legal effect of a term depends on the complete document, facts, and applicable law.