Escrow Account

Escrow Reading Escrow Account 1 minute Next Escrow Disbursement Order (edo)

Definition:   An account for the deposit of earnest money a disinterested third party (ex. a broker) holds in trust for others; trust funds.

Pronunciation: \ˈes-ˌkrō, es-ˈ\ \ə-ˈkau̇nt\

Used in a Sentence:  Our downpayment was held in an escrow account until the closing.

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