Money or an asset held by a neutral third party on behalf of two others until a specified condition is fulfilled.

From Old French ''escroue'' (a scrap of parchment or scroll), later a deed held in trust.

trust deposit surety safekeeping guarantee fund
forfeiture release disbursement withdrawal
"The government mandated that home buyers'' payments be routed through an escrow account to prevent developers from diverting funds."

Useful in GS Paper 3 answers on financial regulation, RERA reforms in the real estate sector, and mechanisms to protect consumers. Also relevant to international relations when discussing frozen assets and sanctioned funds held in escrow.

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