trust accounts

Escrow & Trust Accounts: What You Should Know in California

Escrow accounts play a crucial role in transactions to ensure the security and execution of agreements. Here, we present some key definitions related to escrow accounts: Escrow A deposit given by the grantor to a neutral third party, to be delivered when a specified condition is met (CC 1057). A deposit made by the grantor to a neutral third party, to be delivered when a specified condition is met (CC 1057).

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