| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 3,897,563,763 visitors served. |
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Bulk Sales Escrow |
0.01 sec. |
|
|
Bulk Sales Escrow An escrow agreement in which unsecured creditors force a business to give proceeds from sales of large a amount of inventory and certain other assets to a third party, known as the escrow agent. The escrow agent holds the proceeds until the sales are final and then gives them to the creditors. If a business has acquired too much debt in its activities, a bulk sales escrow is introduced to ensure that the business does not spend the money it receives on still more bad ventures. This protects creditors who do not have liens on specific assets. As with all escrow agreements, the escrow agent receives a fee for his/her services, which are usually split between the business and its creditors. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
|
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup |
|---|