a special account into which money is deposited by an agent for the account of a principal, to be kept intact and not commingled.
a savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime; afterward the balance is payable to the previously named beneficiary
a bank account which has been identified as holding the funds of a third party, in this case your consumers or suppliers
an account in the name of one person as trustee for another person, who is the beneficiary
an account in which a lawyer deposits a client's funds
an account managed by a trustee, an other designated individual(s) or entity on behalf of the beneficial owner(s)
an account set up by an attorney or law firm to hold client or third party funds in trust, separate from the attorney's or law firm's funds
an account that is established by one or more persons or entities who have agreed to serve as the trustee for one or more beneficiaries of a trust
a separate account that a lawyer maintains specifically for clients' funds
a separate bank account where a lawyer puts other people's money
a special bank account that is used to hold other people's money
An account separate and apart from the broker's own funds, into which the broker is required to deposit all funds collected on behalf of clients, such as earnest deposits.
A neutral bank account, which may be maintained by a broker, attorney, title company or lender for the deposit of money entrusted with them.
Otherwise known as an escrow account; a separate bank account in which the broker or attorney deposits all money collected for clients.
is a separate bank account in which is deposited all the money received in trust for someone else. For example, in the deposit cheque, the words In Trust should be written after the name of the firm to whom it's payable.
A nonretirement account set up in the name of an established trust.
special account to safeguard funds for a buyer or seller, primarily used by brokers and escrow agents. An escrow or impound account is also a trust account.
(or Escrow Account) A separate account physically segregated from the broker's own funds in which broker is required by law to deposit all funds collected for and on behalf of clients or customers.
an account supervised by parties neutral to a transaction in which funds are held prior to closing.
An account separate and apart and physically segregated from broker's own funds, in which broker is required by law to deposit all funds collected for clients.
A special account used by a broker or escrow agent to safeguard funds for a buyer or seller.
A savings account established under a trust agreement containing funds administered by a trustee for the benefit of another person or person; also known as an escrow account.
Account which holds each body corporate's funds entirely separate from all other money.
(a) A savings account, established under a trust agreement, containing funds administered by a trustee for the benefit of another person or persons. (b) An escrow account.
A bank account held by a professional for the purposes of keeping money held on behalf of clients separate from the funds of the professional or her business.
An account used by brokers, in which funds for another individual are held separately, and not commingled with other funds. [] Underwriter One who underwrites a loan for another. Your lender will have an investor underwrite your loan. [] Variable Interest Rate An interest rate that rises and falls according to a particular economic indicator.
A bank account maintained by stockbrokers to keep client funds distinct from their own and protected in the event of their own insolvency.
Special accounts used by brokers and escrow agents to safeguard funds for a buyer or seller.
Bank account set up by broker to deposit funds entrusted to him by his principals.
Deposits are usually held in trust by the buyer's or seller's real estate agent or lawyer, and are released to form part of the purchase price on completion date.
A neutral bank account, which is maintained by a broker for the deposit of money entrusted with him.
A separate bank account maintained by a broker or escrow company to handle all money collected for clients. A broker may not commingle these funds with his/her own funds.
A separate bank account segregated from a broker's own funds, in which the broker is required by state law to deposit all monies collected for clients. In some states called an escrow account.
A bank account in which the account holder holds money in trust for another person until the occurrence of a certain event. The money in such an account is referred to as trust money. Every estate agency business must have a trust account which must be audited by an auditor every year.
Escrow maintained by an attorney.
A bank account into which an agent must pay all moneys received on behalf of another person.
An account maintained by an agency (usually escrow) that handles all funds for clients.
An account that is usually used by lawyers, accountants and other professionals such as stockbrokers to identify and control their clients' money.
Also known as a Trust Fund Account; it is a separate bank account maintained by a broker for the deposit of money entrusted to him by a client.
Special account, which is used to safeguard the funds of a buyer or seller.
An account separate and apart from one's personal monies, as required by law in the case of a broker.
An account used by a real estate broker or escrow agent to handle earnest money, funds set aside for repairs and other money that the buyer and seller put up before closing.