Financial & Accounting
Escrow Account
Bank account where funds are held by neutral third party, released when specific conditions met, used in major real estate transactions.
In Other Languages
Arabic
حساب الضمان
حساب بنكي تُحفظ فيه الأموال بواسطة طرف ثالث محايد، يُفرج عنها عند تحقق شروط محددة، يستخدم في الصفقات العقارية الكبيرة.
English
Escrow Account
Bank account where funds are held by neutral third party, released when specific conditions met, used in major real estate transactions.
Turkish
Emanet Hesabı
Tarafsız üçüncü tarafça fonların tutulduğu banka hesabı; belirli koşullar yerine geldiğinde serbest bırakılır, büyük emlak işlemlerinde kullanılır.
Related Terms
Security Deposit
Amount tenant pays landlord at signing as security for property condition, refunded after deducting damages, typically equal to one month's rent.
Real Estate Mortgage
Long-term loan to buy property guaranteed by property itself, paid in monthly installments, most common in housing finance.