escrow Definition

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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escrow is ...

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

... #16 on our list of the most popular terms.

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