English version

escrow account

From Longman Business Dictionary
Related topics: Banking
escrow accountˈescrow acˌcount [countable] BANKING a special account for money being held in ESCROW (=by a third party while a deal is completed)Prospective borrowers generally avoid paying advance loan fees; if they do pay any, the money should be put into an escrow account with a third party until the loan is funded. account
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