SIC Code 6099-06 - Escrow Service
Marketing Level - SIC 6-DigitUse Data For:
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SIC Code 6099-06 Description (6-Digit)
Escrow service is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a transaction. The funds are held by the escrow service until it receives the appropriate written or oral instructions or until obligations are fulfilled. Escrow services are commonly used in real estate transactions, but can also be used in other industries such as e-commerce, intellectual property, and mergers and acquisitions.
Hierarchy Navigation for SIC 6-Digit Code 6099-06
Parent Code (less specific)
Tools
- Escrow software platforms
- Secure payment gateways
- Digital signature software
- Fraud detection software
- Compliance management software
- Customer relationship management (CRM) software
- Document management software
- Electronic funds transfer (EFT) systems
- Secure communication tools
- Escrow account management software
Industry Examples of Escrow Service
- Real estate transactions
- Domain name transfers
- Mergers and acquisitions
- Intellectual property transfers
- Online auctions
- Business sales
- Vehicle purchases
- Securities transactions
- Construction projects
- Legal settlements
SIC Code 6099-06 - Escrow Service
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