An escrow account is a broad term that refers to money held by a third party for the purpose of two other parties conducting a transaction, but is most commonly used for real estate purposes.

Buying a house is the largest financial transaction most of us will ever make. So it's fairly common for a trusted third party to hold onto the money while the deal is completed or other conditions ...

People use the escrow process in the international trade, stock market and, most commonly, real estate arenas. Prospective homeowners go through the escrow process when they close on the sale of a ...