Cryptocurrency Q&A
What does stc mean?
What does stc mean?
KimchiQueenCharmingKissWarmth
Sat Aug 03 2024
|
7 answers
1356
Could you please elaborate on the meaning of "stc" in the context of cryptocurrency or finance? Is it an acronym for a specific term, a ticker symbol for a particular cryptocurrency, or perhaps a reference to a technical aspect of blockchain technology? Clarifying this would greatly assist in providing an accurate and informative answer.
7 answers
CryptoTitaness
Mon Aug 05 2024
In the realm of cryptocurrency and finance, it's essential to understand the nuances of various transaction statuses. One such term is Sold STC (Subject To Contract), which denotes a specific stage in the sale of a property.
Was this helpful?
156
76
CherryBlossomGrace
Mon Aug 05 2024
During this time, either party may decide to withdraw from the agreement if they discover any issues that were not disclosed initially or if they find that the terms are no longer favorable.
Was this helpful?
49
48
Martina
Mon Aug 05 2024
When a property is labeled as Sold STC, it indicates that the owner has formally accepted an offer presented by a potential buyer. This acceptance signifies the beginning of the negotiation process, where both parties are working towards a mutually beneficial agreement.
Was this helpful?
257
84
EtherWhale
Mon Aug 05 2024
However, despite the acceptance of the offer, the transaction has not yet reached the legally binding stage. This is because the necessary paperwork and procedures required to finalize the sale have yet to be completed.
Was this helpful?
397
50
HanbokGlamourQueenEleganceBloom
Mon Aug 05 2024
The period between the acceptance of the offer and the completion of the paperwork is crucial, as it allows both parties to conduct due diligence and ensure that all terms and conditions are met to their satisfaction.
Was this helpful?
179
36
Load 5 more related questions
