Escrow Agent

Person engaged in the business of receiving Escrows for deposit or delivery. In real estate, a title company may serve as the escrow agent. It holds the Earnest Money and Deed pending fulfillment of other conditions to the contract.

Any person engaged in the business of receiving escrows for deposit or delivery.
Example: The title company is serving as the escrow agent. It holds the earnest money and deed, pending fulfillment of other conditions to the contract.