A legal arrangement whereby an asset (often money, but sometimes other property such as art, a deed of title, web site, software source code or a cryptographic key) is delivered to a third party (call [..]

it is an agreement by which one party deposits an asset with a third person (called an escrow agent) who will in turn make delivery to another party if and when specified conditions occur.

Definition 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 [..]

A written agreement made between an escrow agent and the parties to a contract setting forth the basic obligations of the parties, describing the money (or other things of value) to be deposited in escrow, and instructing the escrow agent concerning the disposition of the monies deposited.

A written agreement usually made between a buyer, seller and escrow agent. The escrow agreement sets forth the basic obligations of the parties, describes the objects deposited in escrow, and instructs the escrow agent concerning the disposition of the objects deposited.