Back To Back Escrow

Business, Legal & Accounting Glossary

Definition: Back To Back Escrow


Back To Back Escrow


Full Definition of Back To Back Escrow


A method of administering two escrow accounts so that transactions are closed at the same time or one right after the other. This approach is sometimes used in residential real estate when a homeowner’s sale of an existing home and purchase of a new home are contingent on one another. This ensures that the homeowner isn’t stuck paying two house notes if they are approved for their loan on the new home but the deal to sell their existing home falls through.


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Back To Back Escrow. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/back-to-back-escrow/ (accessed: November 30, 2021).
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Back To Back Escrow. PayrollHeaven.com. Retrieved November 30, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/back-to-back-escrow/

Definition Sources


Definitions for Back To Back Escrow are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.