Escrow account: Difference between revisions
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* [[Escrow]] | * [[Escrow]] | ||
* [[ISDA Master Agreement]] | * [[ISDA Master Agreement]] | ||
* [[Third party]] | |||
* [[Trust account]] | * [[Trust account]] | ||
Revision as of 22:16, 4 March 2022
A bank account set up to hold - separately - funds which are owned by another party.
By involving a third party to hold funds for safekeeping, buyers and sellers can feel confident about doing business with each other,