escrow payment


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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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
He said a $300,000 escrow payment required of Sterigenics to fund projects "designed to benefit the environment in the State of Illinois" was too small and should have been classified as a fine.
The Australian-listed FCG first revealed its plans to resume casino operations at Hotel Stotsenberg after confirming it has the necessary funds to settle a P225-million ($4.4 million) escrow payment for the Philippine Amusement and Gaming Corp.
The best thing about the startup is the use of escrow payment method, which ensures payments by customers after their satisfaction.
It was created in 2004 to provide escrow payment services to online buyers and sellers in China and beyond.
OyaOya, a new cutting-edge technology to connect four essential components together in a seamless and efficient flow, a marketplace for vendors to present their products, customers to select a product, commodity transporters and an escrow payment system for secure transactions has debut.
-- If you are selling to a stranger or unknown dealer and are not sure, if you will get paid, use an escrow payment service, which will cost you a significant amount of money.
The second escrow payment is payable when the parties hold an STA to operate the updated facility.
"With freelancers reviewed for quality of their services and escrow payment systems ensuring security, small businesses are now able to manage a diverse workforce with reliable and easy to use project management systems."
Julian Construction also offers customers 0% in house financing for up to 48 months; long-term, secured, low-interest financing, and will accept escrow payment for service rendered.
OfficeCavalry.com is free to sign up to and register with and it provides an escrow payment service to make sure that funds are held in a secure holding account before the freelancer starts with a project, ensuring that payment will be made if the project is completed to the agreed scope.
Merrimack County Superior Court Judge Larry Smukler issued a temporary injunction against Tobacco Haven, ordering the shop on Route 13 to either ensure that its supplier has paid the required tax or escrow payment, pay itself, or stop operating its two high-speed cigarette-rolling machines.