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What is the name of an account, managed by a third party, that holds funds for insurance and tax payments made on behalf of a homeowner?

What is the name of an account, managed by a third party, that holds funds for insurance and tax payments made on behalf of a homeowner?
asked 171k views
2 votes
What is the name of an account, managed by a third party, that holds funds for insurance and tax payments made on behalf of a homeowner?

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User Release
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8.3k points

1 Answer

2 votes
Escrow <-- Apex for Economic/ Financial literacy 
answered
User Ugur
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8.3k points
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