Escrow Contract
This definition comes from the technical glossary.
Definition
A transaction in which a spender and receiver place funds in a 2-of-2 (or other m-of-n) multisig output so that neither can spend the funds until they’re both satisfied with some external outcome.
Synonyms
- Escrow contract
Links
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Escrow contract — Bitcoin Developer Guide
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Escrow and dispute mediation — Bitcoin Wiki