What does escrow funds mean?
Definitions for escrow funds
es·crow funds
This dictionary definitions page includes all the possible meanings, example usage and translations of the word escrow funds.
Princeton's WordNet
escrow fundsnoun
funds held in escrow
ChatGPT
escrow funds
Escrow funds are monies held by a neutral third-party on behalf of transacting parties until specified conditions are met as per a contractual agreement. The third party, known as an escrow agent, holds the funds until it receives appropriate instructions or until specified obligations have been fulfilled. These funds are usually used during a sale of property, acquisition, merger, or other similar transactions, where large sums of money are involved, to ensure fairness and security toward all involved parties.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of escrow funds in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of escrow funds in Pythagorean Numerology is: 3
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"escrow funds." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/escrow+funds>.
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