escrow account

Definition 1

Accounting: Account in which funds are accumulated for specific disbursements.

Definition 2

Banking: Account to which an accountholder makes monthly or other periodic deposits, and authorizes the bank to withdraw funds to pay for certain fixed obligations such as taxes, rent, insurance premium.

Popular 'Accounting & Auditing' Terms

escrow account in the news

Loading...

This content can be found on the following page:

http://www.businessdictionary.com/definition/escrow-account.html

Search for another term



Tools

escrow account is...

... in the Accounting & Auditing and Banking, Commerce & Finance subjects.

Nearby Terms

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z