Escrow
Escrow in an aircraft transaction is a neutral third party, usually a title company in Oklahoma City for N-registered aircraft because of its proximity to the FAA registry, that holds the deposit, the purchase funds and the signed documents until every condition of the sale is met. The deposit, typically 5–10% of the price, becomes non-refundable once the buyer accepts the aircraft after the pre-buy inspection. At closing the escrow agent confirms clear title, files the bill of sale and registration application, releases funds to the seller and any lienholder, and records the new owner. International deals may use escrow agents in the buyer's jurisdiction alongside Cape Town Convention registrations.