Wondering what is escrow and why it's important? Open Money explains it simply. Escrow is a financial arrangement where a third party holds and regulates funds or assets until the terms of an agreement are met by all involved. Commonly used in real estate, online sales, and large business deals, escrow ensures secure and transparent transactions for both buyers and sellers. Learn how escrow accounts work, their benefits, and when to use them with expert insights from Open Money. Make safe and informed financial decisions today!
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