Glossary / Also known as

Escrow

Another name for Escrow Account.

Other names

What does escrow mean?

Escrow is another name for Escrow Account. A neutral third-party account that holds money until both sides of a deal fulfil their obligations.

The two names mean the same thing. You will see "escrow" in some ledgers, reports and contracts and "Escrow Account" in others. The full entry covers how it works, with examples.

Read the full definition of Escrow Account

Topics

Payments and banking

From the glossary

Related terms.

Payments and banking Escrow Account A neutral third-party account that holds money until both sides of a deal fulfil their obligations. Also called escrow, escrow arrangement Documents and contracts Due Diligence (DD) A comprehensive investigation and analysis of a business conducted before an investment, acquisition, or strategic partnership. Also called financial due diligence, legal due diligence Documents and contracts Virtual Data Room (VDR) A secure online repository used for storing and sharing confidential documents during due diligence, fundraising, and M&A processes. Also called data room, deal room Trade and foreign exchange Letter of Credit (LC) A bank-backed guarantee that a seller will get paid - the backbone of international trade when buyer and seller don't know each other. Also called documentary credit, L/C Payments and banking ACH Transfer Batch-processed electronic bank transfers powering payroll, EMIs, and recurring payments across India. Also called Automated Clearing House transfer, ACH payment, ACH Payments and banking Bank Guarantee Your bank's written promise to pay a third party if you can't deliver on a contract - widely used in tenders and trade. Also called BG, letter of guarantee

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