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ESCROW - Money or documents, such as a deed or title,
held by a third party until the conditions of an agreement are met. For
instance, pending the completion of a real estate transaction, the deed
to the property will be held "in escrow."
For high commitment values, a convenient method of managing the financial
side of commitments is to use an Escrow account. This involves using an
account held by an independent third party. Customers deposit funds into
this account which are only released when the terms of the proposals have
been met.
rap-X
does not provide a service for this aspect of transactions. However, it
can be easily set up. Try escrow.com as the first port of
call.
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