escrow
Definition 1
Documents, real estate, money, or securities deposited with a neutral third party (the escrow agent) to be delivered upon fulfillment of certain conditions, as established in a written agreement.
Definition 2
An account held by the lender into which a homeowner pays money for taxes and insurance.
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Related Terms
bulk sales escrow, closing statement, servicer, escrow account, escrow receipt
'escrow
' appears in the definitions of these terms on BusinessDictionary.com
escrow agreement, software contract
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