raportointitilille
A raportointitili, often translated as a reporting account or escrow account in English, is a financial arrangement used in certain business transactions, particularly in Finland. Its primary purpose is to hold funds securely during a transaction until specific conditions are met. This provides a layer of protection for both the buyer and the seller.
When a transaction involves a raportointitili, the buyer transfers the agreed-upon funds to this special account.
Once all parties confirm that the terms of the agreement have been met, the custodian releases the