Escrow

Escrow is a way to keep money safe during a big deal, like buying a house. Imagine you’re buying a toy from someone, but it’s a lot of money, so you want to make sure you get the toy before you pay. In an escrow, a special person or company holds the money for both of you. This person is like a referee, making sure everything is fair. They keep the money until both sides agree that everything is right: you get the toy (or in real life, a house), and the seller gets their money. In places like Jamaica and all around the world, escrow helps people feel safe when buying homes or other things that cost a lot. It protects both the buyer and the seller, making sure no one loses out.