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Definitions from the Web

Escrow

Description:

Escrow refers to a legal arrangement where a third party holds funds, assets, or documents on behalf of two parties involved in a transaction. Typically, the funds or assets are held by the escrow agent until all the terms and conditions of the transaction are met, providing security and ensuring a fair deal for both parties.

Sample Sentences:

1. We had to go through an escrow process when buying our house, where the funds were held by the escrow agent until all the details were finalized.
2. Before sending the expensive item, I made sure the buyer deposited the payment in escrow, in order to minimize the risk of fraud.
3. The online marketplace uses an escrow service to secure payments for sellers, making the transaction more reliable for both buyers and sellers.
4. As part of the business acquisition, the buyer and seller agreed to place a percentage of the purchase price in an escrow account.
5. The escrow company verified the authenticity of the documents before releasing the funds to the seller.

Possible Related Products:

To explore further about escrow and related topics, you can check out the following products on Amazon:

• Escrow Explained: How to Understand & Close Your Escrow Successfully
• The Escrow Process From Start to Finish: What You Need to Know
• Becoming an Escrow Officer: A Preparation Guide to Escrow Officer Demonstrated Knowledge