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A escrow accounts is a temporary deposit held by a third party, commonly called a trustee, on behalf of two other parties. The temporary account runs until the transaction is completed and all terms between both parties are settled. The money or other assets are withdrawn from the escrow account when certain pre-established legal obligations are met or the trustee receives an order to release the assets. Escrow accounts are designed differently than regular accounts. While they can be used to store securities, funds, money, and other assets, these temporary custody arrangements are most commonly used in real estate transactions.