tax and insurance escrow
tax and insurance escrow
A fund maintained by a lender when a borrower makes monthly payments toward the annual property tax and insurance bills. See PITI.
References in periodicals archive
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Financing was based on a10 year term with a 30 year amortization including five years interest-only with tax and insurance escrows and no reserves.
BACMC waived all tenant improvements/leasing commissions (TI/LC) escrows, tax and insurance escrows and replacement reserves.
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