Escrow account
The trust account established by a broker under the provisions of the license law for the purpose of holding funds on behalf of the broker’s principal or some other person until the consummation or termination of a transaction. 
        
        Originally written on 
        December 3, 2010 
        and last modified on 
        January 19, 2018.     
 	  
	  
        
    
                
 
                            