An account into which escrow funds are disbursed. Also called Impound Account.

A fund established to hold funds pledged and to be used solely for a designated purpose, typically to pay debt service on an outstanding issue in an advance refunding. See: ADVANCE REFUNDING; ESCROW D [..]

An account setup by a mortgage servicing company to hold funds with which to pay expenses such as homeowners insurance and property taxes. An extra amount is paid with regular principal and interest payments that go into the escrow account each month.

Special bank account into which escrow monies are deposited and from which they are disbursed. Lawyers and real estate brokers maintain escrow accounts to hold money in trust for others.

Once you close your purchase transaction, you may have an escrow account or impound account with your lender. This means the amount you pay each month includes an amount above what would be required if you were only paying your principal and interest. The extra money is held in your impound account (escrow account) for the payment of items like pro [..]

Definition A trust account held in the borrower's name to pay obligations such as property taxes and insurance premiums.

An account opened in the joint names of the employer and trustees (or their respective solicitors) into which money may be paid pending a trigger event typically allowing the trustees to withdraw some [..]

a separate account into which the lender puts a portion of each monthly mortgage payment; an escrow account provides the funds needed for such expenses as property taxes, homeowners insurance, ...

Account held by a lender containing funds collected as part of mortgage payments for annual expenses such as taxes and insurance, so that the homeowner does not have to pay a large sum when these fall [..]

A financial instrument held by a third party on behalf of the other two parties in a transaction. The funds are held by the escrow service until it receives the appropriate written or oral instruction [..]

A deposit held in trust by a third party to be turned over to the grantee on specified conditions. In project finance, an escrow account is often used to channel funds needed to pay debt service [..]

An escrow account is an account that is held separately from a loan account and used to collect loan or mortgage repayments, insurance payments and in property taxes in some cases.

A bank account set up in hard currency in the joint names of the buyer and seller and in which the various monies involved in the countertrade agreement (usually a forward purchase) are held in trust.

An account held by the lender in which the borrower puts in an amount over and above the required sum of the principal and the interest. The additional money put in is used by the lender to pay for it [..]

Escrow account refers to a bank account held in the name of the depositor or an escrow agent which does not belong to the depositor, but is returnable to the depositor on the performance of certain co [..]

An escrow account is a special bank account into which earnings from sales (e.g., convertible currency proceeds from exports) are accumulated. These revenues are set aside for subsequent acquisition o [..]

An account setup by a mortgage servicing company to hold funds with which to pay expenses such as homeowners insurance and property taxes. An extra amount is paid with regular principal and interest p [..]

A trust account in which funds are held by the lender for payment. 

Funds that a lender collects to pay monthly premiums in mortgage and homeowners insurance, and sometimes to pay property taxes.

Funds that a lender collects to pay monthly premiums in mortgage and homeowners insurance, and sometimes to pay property taxes.

Funds that a lender collects to pay monthly premiums in mortgage and homeowners insurance, and sometimes to pay property taxes.

An account with a mortgage company where a client can have premium withdrawn for homeowners insurance.

Funds that a lender collects to pay monthly premiums in mortgage and homeowners insurance, and sometimes to pay property taxes.

A trust account created by a third party to hold money. In a mortgage transaction, generally these funds are used to pay taxes and insurance bills when they become due. To fund the account, monthly mo [..]

It is an account for which bank act as an uninterested third party (custodian/depository) to ensure compliance with the terms of the deal between two parties only upon the fulfillment of some stated conditions. It becomes operative as soon as the stated event occurs. Banks hold such accounts in which funds accumulate to pay taxes, insurance on mort [..]

Escrow account is an account where the moneys parked will be released only on fulfilment of some conditions of contract like export taking place o [..]

An escrow account is an account in which a mortgage servicer holds the borrower's escrow payments prior to paying property expenses. An escrow account could also be considered to be a trust accou [..]

Funds that a lender collects to pay monthly premiums in mortgage and homeowners insurance, and sometimes to pay property taxes.

An account held by the lender to which the borrower pays monthly installments, collected as part of the monthly mortgage payment, for annual expenses such as taxes and insurance. The lender disburses [..]

The account in which a loan servicer holds the borrower's escrow payments prior to paying property expenses, such as property taxes or homeowners insurance.