Neutral Third Party

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August 25, 2024 4 min read Definitions

Escrow: A Mechanism for Securing Transactions

Finance Real Estate Escrow Escrow Agent Deed Contract Neutral Third Party

A detailed exploration of escrow, a mechanism that involves a written instrument, such as a deed, being temporarily deposited with a neutral third party until the conditions of a contract are met. This article covers types, historical context, examples, and applicability in various sectors.