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Q: What is the name given to money held by a third party?
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What is a in trust for account?

When money or funds are in trust in an account, they are typically being held for one party and handled by another. It is a way to control and convey assets for a third-party owner.


What type of industry is the Escrow Company in?

The Escrow Company is in the real estate industry. Basically, the escrow is the money held by a third party on behalf of a transacting party. In the USA its specifiacally used in real estate for property tax and insurance.


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What is the Escrow financial definition?

The definition of "escrow" is that a sum of money is being held by a third party during negotations between two other parties. Once the negotiations have been completed to each parties satisfaction the funds will be handed over to the appropriate party.


Can a general contractor with hold your money?

.... Is there some part of your contract that has not been fulfilled? .... Is the money being held in trust by a third party (lawyer) generally speaking, it's usually the party that requested and is paying for the task that with holds monies when the contractee doesn't fufill the expectation of the contract. You need to define the parameters of you situation


When would one need to use escrow services?

Escrow generally refers to money held by a third party on behalf of transacting parties. Escrow services are typically used during private property transactions to hold solicitors clients money, until the transaction is complete.


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Money is held in a special account by a 3d party until both parties satisfied and then released-like a real estate deal.


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How do you get the stereo on Club Penguin?

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