Business Transaction Vocabulary

noun a financial arrangement where a third party holds and regulates payment of funds for two parties involved in a transaction

• The funds will be held in escrow until all conditions of the contract are met.
• I'll put the money in escrow until you deliver the goods.
• Let's put the cash in escrow so we both know we're serious.
• She held her emotions in escrow, waiting for the right moment to reveal them.

noun a type of financial agreement in which a buyer agrees to pay a seller at a later date for goods or services received

• The company requested an acceptance credit from the bank to facilitate international trade.
• The seller asked for an acceptance credit to make the transaction smoother.
• I heard they got an acceptance credit to seal the deal.
• In the world of business, having acceptance credit is like having a golden ticket.