ESCROW ACCOUNT - A special account in which a lawyer or escrow agent deposits money or documents that do not belong to him or his firm.
escrow account 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, ...
Escrow Account
An account held in the borrower's name to pay obligations such as property taxes and insurance premiums.
Ethics ...
Escrow Account
A bank account in the name of an attorney, who is the escrow agent, which used to hold funds belonging to a third party.
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term is usually used to put aside some money, documents, or something of value, with an independent third party called an escrow agent, to satisfy certain debts or obligations established in a written agreement. Most often escrow accounts are used in ...
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Under such a plan, any money paid to a convicted criminal for a book, story, or dramatization of the crime must be turned over to the state and the funds deposited into a special escrow account and held available to pay any victim who successfully ...
2) n. originally escrow meant the deed held by the escrow agent. 3) n. colloquially, the escrow agent is called an "escrow," while actually the escrow is the account and not a person. 4) v. to place the documents and funds in an escrow account, ...
 See also: Deposit, Money, Count, Escrow, Will
  
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