WAYS TO REDUCE RISKS THROUGH THE ESCROW SYSTEM

Abstract

This scientific article analyzes the economic essence of the escrow account system, as well as its role and significance in modern financial relations. The study examines the main functions of escrow accounts, their role in ensuring transaction security, and their advantages as a reliable intermediary mechanism. Furthermore, it scientifically elucidates the opportunities this system provides for reducing financial risks, strengthening trust between parties, and preventing disputes. The research findings indicate that the escrow system is widely used, particularly in international trade, real estate transactions, and online commerce platforms, and serves as a vital tool for enhancing economic security.