An escrow account is a mechanism used in large-scale purchase and sale operations to ensure that the payment reaches the seller and that the good or service does the same with the buyer.

This is possible because the amount of the transaction is delivered in the first instance to a party outside the deal, to an independent third party, called an escrow agent, instead of paying it directly to the seller.

An escrow is a financial agreement in which a third party maintains and regulates the payment of the funds required for two parties involved in an operation. It helps make operations more secure by keeping payment in a secure escrow account that is only released when all terms of an agreement overseen by Lesseps Legal are met.