Meaning & use
Escrowee
Last updated
A person or entity to whom money, property, or documents are delivered to be held in escrow until specified conditions are fulfilled.
See it in a sentence
The title company acted as escrowee, releasing the funds only after the deed was signed.
Both buyer and seller agreed on a neutral escrowee to hold the deposit.
A note on using this word
Escrowee is a legal term built from 'escrow' with the agentive suffix '-ee,' paralleling words like 'employee,' and denotes the party who holds rather than the party who deposits the assets.
Words with a similar meaning
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