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escrow agent

   Also found in: Financial, Encyclopedia, Wikipedia, Hutchinson 0.03 sec.

escrow agent n. a person or entity holding documents and funds in a transfer of real property, acting for both parties pursuant to instructions. Typically the agent is a person (commonly an attorney), escrow company or title company, depending on local practice. (See: escrow)



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Prior to joining Bader Rutter, Gundzik worked as a closing/ escrow agent for Metropolitan Title Company.
Ward authorized the escrow agent for the sale to pay CWM $500,000 from the escrow account established for the sale.
It involves the use of escrow agent firms to provide protection for escrow depositors and eliminate escrow deposit bookkeeping headaches for attorneys.
 
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