Business and Personal Finance Dictionary

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• ESCROW ACCOUNT (IMPOUND ACCOUNT) - An account that a borrower can hold with a lender once a purchase tr...
  
  
• ESCROW ACCOUNTS - Cash held in abeyance until an event occurs or does not occur. For example, funds pai...
  
  
• ESCROW AGENT - the person or organization having a fiduciary responsibility to both the buyer and selle...
  
  
• ESCROW AGENT/OFFICER - An individual qualified to perform all the steps necessary to prepare and carry ...
  
  
• ESCROW AGREEMENT - A written agreement made between an escrow agent and the parties to a contract setti...
  
  
• ESCROW ANALYSIS - When you have funds placed into an escrow account for the purpose of paying expenses ...
  
  
• ESCROW CLOSING - The completion of a transaction whereby documents, consideration etc. are held in trus...
  
  
• ESCROW COLLECTIONS - Moneys taken in by the agent and set aside for future payments as required by the ...
  
  
• ESCROW COMPANY - A neutral third party who holds the documents and money in a real-estate transfer unti...
  
  
• ESCROW COST - The initial deposit amount to the escrow account at closing. The purchase price of the se...