Business, Legal & Accounting Glossary
A holding account set up with a neutral entity by the parties of a financial arrangement whereby the funds are distributed only after certain contractual agreements or milestones are fulfilled. Escrow funds are commonly applied to real estate mortgages. Escrow can also play a role in financial transactions online and agreements in both commerce and contractual hiring as an added protection for all parties involved.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Escrow Fund are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.