Money that is usually deposited with the lending institution for the payment of property taxes and homeowner's insurance is called:

Name: Money that is usually deposited with the lending institution for the payment of property taxes and homeowner's insurance is called:
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An escrow account is specifically set up by a lending institution to hold funds for the payment of property taxes and homeowner's insurance on behalf of the homeowner. This ensures that these important bills are paid on time.

Money That Is Usually Deposited with the Lending Institution for the Payment