Escrow Account

Business / Real Estate / Escrow Account: The trust account established by a broker under the provisions of the license law for the purpose of holding funds on behalf of the brokers principal or some other person until the consummation or termination of a transaction.

Other Words for Account

Account Noun Synonyms: calculation, accounting, reckoning, computation, (financial) statement, enumeration
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Escrow Agent

Business / Taxes / Escrow Agent: An escrow agent is the person or group that holds certain of your assets in an escrow account while you negotiate the final terms of a contract. For example, if you are buying a home, the escrow agent MORE

Impound Account

Business / Real Estate / Impound Account: A trust account established to set aside funds for future needs relating to a parcel of real property. Many mortgage lenders require an impound account to cover future payments for taxes, assessments, MORE

Trust Fund Bank Account

Business / Real Estate / Trust Fund Bank Account: An account set up by a broker, attorney or other agent at a bank or other recognized depository, into which the broker deposits all funds entrusted to the agent by the principal or others, also called MORE

Accounting

Business / Accounting / Accounting: A service activity designed to accumulate, measure, and communicate financial information about economic entities for decision-making purposes. MORE

Margin Account

Business / Taxes / Margin Account: Margin accounts are brokerage accounts that allow you a much wider range of transactions than cash accounts. In a cash account you must pay for every purchase in full at the time of the transaction. I MORE

Margin Account (Stocks)

Business / Finance / Margin Account (Stocks): A leverageable account in which stocks can be purchased for a combination of cash and a loan. The loan in the margin account is collateralized by the stock; if the value of the stock drops sufficientl MORE

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