question: Escrow

[cancerman007]

On the alliance tab there in the game next to the diplomacy status table there is a column called Escrow what is Escrow

[tubana]

That is what another alliance offers us or we offer them to establish diplomatic relations.

[cancerman007]

thanks

[tubana]

No problem

[The_Dude]

So does the Escrow account change hands if the NAP/In Alliance is accepted by the other party?

Or is it a "security deposit" that changes hands if the agreement is later canceled?

[tubana]

To be honest, I am not sure but I think it is like a security deposit.

[Guest]

Escrow is a legal arrangement whereby a neutral third party, called the escrow agent, holds an asset during the period in which the deal is being finalized by the other two parties.

In the United States escrow is most often associated with real estate transactions. When a buyer makes an offer on a property and the seller accepts the offer the buyer is expected to back up the offer with some cash. Generally the offer to purchase states the buyer's intent to purchase the property subject to certain conditions being met. These conditions usually include the buyer being able to obtain a loan for the money to complete the purchase, the sale of other property by the buyer (such as sale of a house in order to pay off an existing loan and obtain some of the money needed to complete this transaction). Conditions may also include the seller completing and paying for certain repairs or changes to the property. When the conditions of the offer have been met the escrow agent gives the cash deposit to the seller. If the conditions are not met, the cash deposit is given back to the buyer.
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[Arni]

I see..

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