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.




escrow is ...
... part of the
Insurance, Law & Estate Planning, Real Estate and Taxes subjects.


Related Terms

bulk sales escrow -
closing statement -  More
servicer -
escrow account, escrow receipt, HUD-1 statement, in escrow, mortgage servicing, occupancy agreement, settlement sheet


escrow appears in these other terms

escrowed to maturity


escrow appears in the definitions of these other terms on BusinessDictionary.com

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