A(n) is a bank or escrow account in which one party holds funds belonging to another party; it is a bank account into which funds advanced to a law firm by a client are deposited.

Name: A(n) is a bank or escrow account in which one party holds funds belonging to another party; it is a bank account into which funds advanced to a law firm by a client are deposited.
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A trust account is used by law firms to hold funds on behalf of clients, ensuring that the money is kept separate from the firm's own funds.

A(n) Is a Bank or Escrow Account in Which One