The person or party who receives funds or documents held in escrow; the beneficiary of an escrow arrangement.
From escrow plus the -ee suffix (indicating the recipient or beneficiary of an action), following the pattern of lessor/lessee or employer/employee.
The -ee suffix is super productive in English for creating 'receiver' words—the escrowee is whoever benefits when the escrow agent finally releases the money, which happens when conditions are met.
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