escrows
Third-party holding accounts
Escrows is the plural of escrow, an arrangement where money or property is held by a third party until certain conditions are met.
Real estate transactions commonly use escrows: a buyer's deposit sits in escrow until closing.
The bank manages several escrows for pending home sales.
As a verb form, escrows means places into such an arrangement: The company escrows funds until delivery is confirmed.
Available financial resources
- disbursementDistribution of funds
- accountRecord of dealings
- depositPlace for safekeeping
- releaseTo let go
holdback · payment · transfer · balance · withdrawal · interest · fees · instructions
Ownership verification business
- closingFinal stage of something
- deedWritten property conveyance
- propertySomething owned or inherent
- buyerOne who acquires things
seller · mortgage · earnest money · down payment · home inspection · purchase agreement · settlement · title search
Shared position between parties
- termsConditions of an agreement
- conditionsPrevailing state of affairs
- settlementResolved dispute or colony
- closingFinal stage of something
release · contingency · fulfillment · parties · obligation · contract · provision · stipulation
Security for debt
- guaranteeFormal promise of fulfillment
- protectionGuarding against harm
- safeguardPrecaution against harm
- suretyBacker of obligation
bond · reserve · assurance · backing · lien · insurance · indemnity · risk mitigation
One managing another's assets
- neutral partyUnbiased participant in disputes
- custodianGuardian of a place
- fiduciaryAgent bound by loyalty
- third partyUninvolved outside entity
intermediary · stakeholder · impartiality · instructions · duty · liability · authorization · compliance
Self-enforcing coded agreement
- blockchainCryptographic linked transaction record
- cryptocurrencyEncrypted decentralized money
- BitcoinPeer-to-peer electronic cash
- EthereumProgrammable blockchain network
decentralized · digital assets · NFT · DeFi · oracle · trustless · automated · code
funds
Available financial resources
- disbursementDistribution of funds
- accountRecord of dealings
- depositPlace for safekeeping
release · holdback · payment · transfer · balance · withdrawal · interest · fees · instructions · conditions
title company
Ownership verification business
buyer · seller · mortgage · earnest money · down payment · home inspection · purchase agreement · settlement · title search · closing costs
agreement
Shared position between parties
- termsConditions of an agreement
- conditionsPrevailing state of affairs
- settlementResolved dispute or colony
closing · release · contingency · fulfillment · parties · obligation · contract · provision · stipulation · deadline
collateral
Security for debt
- guaranteeFormal promise of fulfillment
- protectionGuarding against harm
- safeguardPrecaution against harm
surety · bond · reserve · assurance · backing · lien · insurance · indemnity · risk mitigation · good faith
trustee
One managing another's assets
- neutral partyUnbiased participant in disputes
- custodianGuardian of a place
- fiduciaryAgent bound by loyalty
third party · intermediary · stakeholder · impartiality · instructions · duty · liability · authorization · compliance · disclosure
smart contract
Self-enforcing coded agreement
- blockchainCryptographic linked transaction record
- cryptocurrencyEncrypted decentralized money
- BitcoinPeer-to-peer electronic cash
Ethereum · decentralized · digital assets · NFT · DeFi · oracle · trustless · automated · code · wallet
escrowsdirect payments
Funds sent without middlemen
cash transactions · cash on delivery · wire transfers · direct deposits · COD
escrowsliquid assets
Easily convertible wealth
available funds · cash in hand · petty cash · checking accounts
- escrow accountNeutral fund holding
- escrow servicesProtected transaction intermediary
- escrow paymentFunds held by intermediary
- escrow feesCharges for neutral fund custody
- escrow processIntermediary safeguards transaction funds
- escrow agentNeutral party holding funds