Escrow
In short: An arrangement holding or restricting assets until specified release conditions are met.
An arrangement holding or restricting assets until specified release conditions are met. Identify who can decide a dispute and which payment leg the arrangement covers. Read the release conditions, dispute process and authority of each participant before relying on the arrangement. The existence of escrow does not promise a particular outcome. A payment instruction, claimed payment and confirmed receipt can represent different stages of the trade.