Escrow account: Difference between revisions
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imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Expand definition.) |
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A bank account set up to hold - separately - funds which are owned by another party. | 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, | |||
==See also== | ==See also== | ||
* [[Custodian]] | * [[Custodian]] | ||
* [[Escrow]] | |||
* [[ISDA Master Agreement]] | |||
* [[Trust account]] | * [[Trust account]] | ||
[[Category: | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:The_business_context]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
[[Category:Risk_frameworks]] | [[Category:Risk_frameworks]] | ||
Revision as of 22:02, 16 March 2021
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,
