Escrow: Canada Debt .ca defines Escrow

Bankruptcy Term Escrow

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Canada Debt has the definition to the bankruptcy and debt term Escrow. Finding answers to terms such as Escrow can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Escrow in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Escrow' is used as follows:

The holding on to of money or a written document, such as shares or a deed, until certain conditions are met by the two contracted parties.