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escrow payment

   Also found in: Wikipedia 0.02 sec.
escrow payment

That portion of the monthly payments in a budget loan that will be accumulated by the lender and then used to pay insurance and real estate taxes.
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Executives of Santa Fe Studios -- the entity that will use the money to build the studio -- will provide a $2 million letter of credit or escrow payment to secure the loan.
COUNTY OKS LOAN FOR FILM STUDIO by The Santa Fe New Mexican (Santa Fe, NM)
Property taxes, however, are a wild card--a change in tax rates or an increase in property values would result in higher escrow payments.
Stretching dollars: Jelani and Jarvis Hagewood must balance their ... by Nash, Sheryl Nance / Black Enterprise
Unlike mortgage servicing platforms, consumer platforms were not designed to track escrow payments or default risk, keeping servicers in the dark about information that is critical to their risk position.
Servicing HELOCs in a challenging environment by FitzGerald, George / Mortgage Banking
 
 
 
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