Escrow account
An escrow account is an account of conditional storage of funds until the counterparties fulfill their obligations
Advantages


THE ESCROW ACCOUNT IS USED IN CASE:
commercial settlements with counterparties, where the subject is goods, services and intellectual property rights, purchase /sale of real estate, business
- there is no confidence in the counterparty
- a guarantee is needed that your funds will be repaid, if the counterparty does not fulfil the requirements