escrowee Definition
a person or entity who holds funds or assets in escrow for the benefit of another party.
Using escrowee: Examples
Take a moment to familiarize yourself with how "escrowee" can be used in various situations through the following examples!
Example
The escrowee is responsible for ensuring that all conditions of the escrow agreement are met before releasing the funds to the seller.
Example
The buyer and seller agreed to use an escrowee to hold the down payment until the sale was finalized.
Summary: escrowee in Brief
'Escrowee' [es-kroh-ee] refers to a person or entity that holds funds or assets in escrow for the benefit of another party. The escrowee is responsible for ensuring that all conditions of the escrow agreement are met before releasing the funds to the seller. This term is often used in real estate transactions.
