Question
Funds that a lender collects to pay monthly premiums in
mortgage and home owners insurance, and sometimes to pay property taxes is called?Solution
Escrow is a legal concept in which a financial instrument or an asset is held by a third party on behalf of two other parties that are in the process of completing a transaction. The funds or assets are held by the escrow agent until it receives the appropriate instructions or until predetermined contractual obligations have been fulfilled. Money, securities, funds and other assets can all be held in escrow.
What was the growth rate of the core sector output in November, and what sectors experienced a deceleration in growth?
Milk Price Incentive Scheme is launched by ____________.
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___________ topped the World's Best Employers 2021 rankings released by Forbes.
The Prime Minister inaugurated the 14th edition of Aero India Show in ____ city of India?
The Bima Sugam platform, soon to be launched by IRDAI, is designed to:
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