Financial & Accounting

Trust Account

Special bank account where real estate office holds owners' and tenants' funds, separating office funds from clients, to protect money.

In Other Languages

Arabic
حساب الأمانة

حساب بنكي خاص يحفظ فيه المكتب العقاري أموال الملاك والمستأجرين، يفصل بين أموال المكتب والعملاء، لحماية الأموال.

English
Trust Account

Special bank account where real estate office holds owners' and tenants' funds, separating office funds from clients, to protect money.

Turkish
Emanet Hesabı

Emlak ofisinin sahip ve kiracı fonlarını tuttuğu özel banka hesabı; ofis fonlarını müşterilerden ayırır, parayı korumak için.

Related Terms

Escrow Account

Bank account where funds are held by neutral third party, released when specific conditions met, used in major real estate transactions.

Owner Statement

Periodic report showing owner the details of income, expenses, and arrears for properties, with amount due after commissions.

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