What is escrow account?
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Being in escrow is a contractual arrangement in which a third party receives and disburses money or property for the primary transacting parties, most generally, used with plentiful terms that conduct the rightful actions that follow. The disbursement is dependent on conditions agreed to by the transacting parties.
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Here is your answer..
Escrow accounts are the financial instruments which can asset or escrow money. Escrow accounts can held money, securities, finds and other assets.
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