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.

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 ?
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.