escrow funds (Meaning)
Wordnet
escrow funds (n)
funds held in escrow
Synonyms & Antonyms of escrow funds
No Synonyms and anytonyms found
escrow funds Sentence Examples
- In a real estate transaction, escrow funds are held by a neutral third party until the closing is finalized.
- Escrow funds are commonly used to cover closing costs, taxes, and other fees associated with the sale of a property.
- The amount of money held in escrow can vary depending on the terms of the sales agreement and the jurisdiction in which the property is located.
- In a construction project, escrow funds may be used to ensure that payments are made to contractors and suppliers as work progresses.
- Escrow funds can also be used in business transactions, such as mergers and acquisitions, to ensure that all parties fulfill their obligations.
- A title company or escrow company typically holds escrow funds and ensures that the funds are distributed according to the instructions of the parties involved in the transaction.
- When a dispute arises regarding the disposition of escrow funds, the parties may need to seek legal action to resolve the matter.
- Escrow funds can provide peace of mind to both buyers and sellers, as they help to ensure that all financial obligations are met in a timely and orderly manner.
- The terms and conditions governing escrow funds are typically outlined in a written agreement between the parties involved in the transaction.
- Escrow funds can be an important tool for managing risk and ensuring the smooth completion of various types of financial transactions.
FAQs About the word escrow funds
funds held in escrow
No synonyms found.
No antonyms found.
In a real estate transaction, escrow funds are held by a neutral third party until the closing is finalized.
Escrow funds are commonly used to cover closing costs, taxes, and other fees associated with the sale of a property.
The amount of money held in escrow can vary depending on the terms of the sales agreement and the jurisdiction in which the property is located.
In a construction project, escrow funds may be used to ensure that payments are made to contractors and suppliers as work progresses.
