Escrow account

 

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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.



Escrow account

Similar Matches

Undermargined account

Undermargined account

A margin account that no longer meets minimum maintenance requirements, requiring a margin call on the investor.


Managed account

Managed account

An investment account, managed by the investment department of a bank for a client.


Managed account

Managed account

An investment portfolio one or more clients entrusted to a manager who decides how to invest it.


I Impound Account

I Impound Account

Account held by a lender for payment of taxes, insurance, or other periodic debts against real property. The mortgagor or trustor pays a portion of, for example, the yearly taxes, with each monthly payment. The lender pays the tax bill from the accumulated funds.


Margin account (stocks)

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 sufficiently, the owner will be asked to either put in more cash, or sell a portion of the stock. Margin rules are federally regulated, but margin requirements and interest may vary among broker/dealers.


Further Suggestions

Suspense account
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personal accounts
Asset management account
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Accounts receivable financing
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Uncollectible account
Account Ad Valorem Duty
Day of deposit to day of withdrawal account
margin account
Growth accounting
savings account
Mixed account
Sweep account
Special bond account
TT&L account
flexible mortgage account
Replacement cost accounting
Frozen account
Current account
Current account deficit
Individual Retirement Account (IRA)
Tax Exempt Special Savings Account


 
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