» :For the fictional town called Escrow, see Überwald. An escrow account's an account established by a broker, under the provisions of license law, for the purpose of holding funds on behalf of the broker's principal or some other person until the consummation or termination of a transaction, or a trust account held in the borrower's name to pay obligations such as property taxes and insurance premiums. Types of escrow Escrow's best known in the United States in the context of real estate… (More on Escrow)