Escrow account: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Expand definition.) |
imported>Doug Williamson (Add link.) |
||
| Line 9: | Line 9: | ||
* [[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,
