ELI5: Explain Like I'm 5

Escrow

Escrow is like a family safe or a piggy bank. When two people make a deal or a transaction, like buying something, they can use escrow to help keep their money safe. The money is put into the escrow, which is like the family safe, and it stays there until both sides say they are happy with the deal. Then, the money is released from the escrow, like when you open the safe, and will go to the person who is supposed to get it. This helps make sure that both sides of the deal are happy and that nobody loses any money.