Escrow accounts
An escrow account is a temporary deposit held by a third party, usually called an escrow agent, on behalf of two other parties. The temporary account operates until the transaction is complete and all conditions between both parties are settled. The money or other assets are debited from the escrow account when certain predetermined legal obligations are fulfilled or the escrow agent receives an instruction to release the assets.
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Escrow account application and opening - Confidus Solutions

Functions, advantages and application of the escrow account. Escrow tools, provided by any bank, are essential part of security measues in different types of acquisition transactions, such as real estate, company shares or bonds.