Business and Personal Finance Dictionary

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• ESCROW COST - The initial deposit amount to the escrow account at closing. The purchase price of the se...
  
  
• ESCROW DEPOSIT - Similar to "escrow collections", the deposit of funds for the purpose of future paymen...
  
  
• ESCROW DISBURSEMENTS - The use of escrow funds to pay real estate taxes, hazard insurance, mortgage ins...
  
  
• ESCROW FEE - These costs cover the preparation and transmission of all home purchased-related documents...
  
  
• ESCROW FUND - A fund that contains monies that only can be used to pay debt service.
  
  
• ESCROW INSTRUCTIONS - In a sales transaction, a writing signed by buyer and seller that details the pro...
  
  
• ESCROW OFFICER - An escrow agent. One who has, through experience and education, gained a certain degre...
  
  
• ESCROW OVERAGE OR SHORTAGE - The difference, determined by an escrow analysis, between escrow funds on ...
  
  
• ESCROW PAYMENT - The portion of a mortgagor’s monthly payment that is held by the servicer to pay for t...
  
  
• ESCROW RECEIPT - A document provided by a bank in options trading to guarantee that the underlying secu...