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Published on Mar 1, 2022

Escrow

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#Glossary
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Escrow refers to the financial instrument used to hold assets or cash by a third party until the transaction is completed between the buyer and seller. There are several instances where escrow accounts are used including banking, mergers, intellectual properties, acquisitions, and crypto transactions.

The sole purpose of the companies providing escrow services is to temporarily hold and regulate the payment within a transaction until the buyer and seller abide by their terms of the agreement.


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