escrowing
Holding funds securely
Escrowing is placing money or documents in the care of a third party until specified conditions are met.
Real estate transactions commonly involve escrowing funds until closing: The buyer is escrowing the deposit with the title company.
The term extends to any arrangement where assets are held pending fulfillment of an agreement.
External, uninvolved entity
- intermediaryAgent linking two parties
- holdingMaintaining physical possession
- fundsAvailable financial resources
- depositPlace for safekeeping
agreement · contract · disbursement · milestone · condition · compliance · documentation · instructions
Final stage of something
- titleFormal honorific or name
- deedWritten property conveyance
- earnestSincerely intense in purpose
- depositPlace for safekeeping
settlement · mortgage · lien · appraisal · conveyancing · underwriting · equity · notary
One managing another's assets
- agentOne who acts independently
- fiduciaryAgent bound by loyalty
- custodianGuardian of a place
- stakeholderParty with an interest
depository · bondholder · responsibility · accountability · impartiality · confidentiality · stewardship · oversight
third-party
External, uninvolved entity
- intermediaryAgent linking two parties
- holdingMaintaining physical possession
- fundsAvailable financial resources
deposit · agreement · contract · disbursement · milestone · condition · compliance · documentation · instructions · completion
closing
Final stage of something
deposit · settlement · mortgage · lien · appraisal · conveyancing · underwriting · equity · notary · realtor
trustee
One managing another's assets
stakeholder · depository · bondholder · responsibility · accountability · impartiality · confidentiality · stewardship · oversight
escrowingdirect payment
Funds transferred without intermediary
instant payment · handing over · cash payment · cash on delivery · fronting