Business and Personal Finance Dictionary

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• ESCROW INSTRUCTIONS
  
  In a sales transaction, a writing signed by buyer and seller that details the procedures necessary to close a transaction and directs the escrow agent how to proceed. Sometimes the buyer and seller execute separate instructions and sometimes the contract of sale itself serves as the escrow instructions. (See final escrow instructions, lender's escrow instructions, contract of sale, escrow, escrow agent)
  
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