::For the fictional town called Escrow, see Überwald. An escrow account isan 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, ora trust account held in the borrower's name to pay obligations such as property taxes and insurance premiums. Types of escrow Escrow is best known in the United States in the context of real estate (s… (More on Escrow)