Escrow

If you have ever been through the process of buying and selling items of value, then you may have come across the escrow process.

This is a classic middleman service, whereby an escrow service will act impartially as a trusted party between the buyer and the seller, to ensure that they both meet their end of the bargain in something such as a domain name sale for instance.

Related Articles

Early withdrawal penalty
Float
Factoring
Discounted cash flow
Gold standard

More Financial Words and Vocabulary Explained