escrow disbursement

Definition

The dispensing of escrow funds for the payment of real estate taxes, hazard insurance, mortgage insurance, and other property expenses as they are due.

Use escrow disbursement in a sentence

The escrow disbursement was a really cool thing and I wondered how everything was going and how it would finish.

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I can live more at peace since my mortgage payment takes care of my escrow disbursement and I do not have to save my money for such things.

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Jim and Pam had recently sold their home. After the sale was closed they finally were able to receive an escrow disbursement. They used the funds to buy a new home.

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