Related Words

Lenders Escrow Instructions: A lenders written instructions to the escrow company stating the conditions which must be met before the deed of trust can be recorded.

Institutional Lenders: Savings and loan associations, banks, life insurance companies and mutual savings banks.

Final Escrow Instructions: Statements prepared by the escrow agent which reflect the final figures and instructions required to close escrow.

Homeowner Instructions: Instructions given to a property owner by a listing broker that advise the owner of cleaning and repairs that will improve the appearance and increase the value of a listed property.

Noninstitutional Lenders: Credit unions, pension funds, private individuals and real estate investment trusts.

Subprime Lenders: Lenders who specialize in B, C, or D catagory paper.

Refunding Escrow Deposits (Reds): A financial instrument involving a forward purchase contract that obligates investors to buy bonds at a certain rate when issued. The future date coincides with the first optional call date . . . View Full Definition

Primary Lenders: Originators of real estate loans including commercial banks, savings and loan associations and mutual savings banks.

Escrowed To Maturity (ETM): A document provided by a bank in options trading to guarantee that the underlying security is on deposit and available for potential delivery.

Escrow Receipt: Property or money held by a third party until the agreed upon obligations of a contract are met.