A[n] ________ account is an account maintained by a neutral third party into which a deposit on property is placed until all necessary steps for a transfer of property can be made.
A) Closing
B) Escrow
C) Accountable
D) Earnest
E) Back-up

Question

Quizplus · Accepted Answer

An escrow account is used to hold funds, including a deposit on property, by a neutral third party until all conditions for a transaction are met. This ensures a secure transfer of property.

A[n] ________ Account Is an Account Maintained by a Neutral