To protect yourself from unknown tax liabilities when buying the stock of a business, it makes sense to place part of the purchase price in an escrow account that is earmarked to pay for any corporate liabilities. This is referred to as ______.
A) holdback money
B) thinning the assets
C) escrow settlement
D) goodwill

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The Answer of To protect yourself from unknown tax liabilities when buying the stock of a business, it makes sense to place part of the purchase price in an escrow account that is earmarked to pay for any corporate liabilities. This is referred to as ______.
A) holdback money
B) thinning the assets
C) escrow settlement
D) goodwill

To Protect Yourself from Unknown Tax Liabilities When Buying the Stock