Escrow is a legal arrangement in which a third party holds and regulates funds or documents until specified conditions are met. It ensures impartiality in transactions, protecting both buyer and seller. The term also denotes the funds or documents held under such an arrangement. Essentially, escrow creates a safeguarded intermediary step in a deal.
Full pronunciation guide6 of 12 videos
0:57Appraisal
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0:58Collateral
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1:01Conveyance
How to Pronounce Conveyance
0:57Covenant
How to Pronounce Covenant
1:05Due-Diligence
How to Pronounce Due-Diligence
0:57Escrow
How to Pronounce Escrow
0:54Lien
How to Pronounce Lien
1:01Lienholder
How to Pronounce Lienholder
0:58Mortgagor
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1:02Occupancy
How to Pronounce Occupancy
