The term 'ESCROW' is a six-letter word that refers to money that is set aside for a specific purpose. It is typically held by a third party, such as a bank or lawyer, until certain conditions are met. This money is often used in real estate transactions, where it is held until the buyer and seller have both fulfilled their obligations. ESCROW can also be used in other types of transactions, such as when a customer pays for a service before it is delivered.