 
 
 
 
 
 
|
Escrow account
The mortgage definition for Escrow account:
An account a lender or mortgage servicer establishes to hold funds for the payment of expenses such as homeowners insurance and property taxes. Also known as an impound account.
Similar MatchesIndividual Savings AccountIndividual Savings Account Tax-free savings plans that allow the individual to invest in cash, stocks or shares or insurance.
Click to compare definitions of Escrow account
Click to view definitions beginning es
|
|