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Glossary: Escrow
Escrow refers to the use of a neutral third party to receive and distribute all necessary instruments and funds to complete the transaction of purchasing a business and/or real estate, or other assignable interests. Escrow instructions and closing statements are usually assembled by an escrow agent and signed by both the seller and purchaser as part of the transaction.
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Definition: EscrowClick here for more Escrow / Dictionary of Terms
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