Posted in Glossary, homes, house, lifestyle, living

Word of the Day – Escrow

An Escrow is a financial agreement between two people or organizations in which money or property is kept by a third person or organization until a particular condition is met. It helps make transactions more secure by keeping the payment in a secure escrow account which is only released when all of the terms of an agreement are met as overseen by the escrow company.

image source Paper Vectors by Vecteezy

Author:

I remember as a teenage I used to get stopped on the streets of London constantly and Asked "What Are You Wearing?" My fashion became Art, and I apply my art into my lifestyle

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