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.
Which of these have signed an MoU with Indian Renewable Energy Development Agency Limited(IREDA) to provide funds for green energy projects?
Which is the largest stadium in Uttar Pradesh?
To promote the export of millets, the government orgnaised a day - long 'Millets - Smart Nutritive Food' Conclave in which state / UT?
During Quit India Movement in Uttar Pradesh, Provisional Government was formed in Ballia under the leadership of?
Which state won the IDCA Under-19 T20 cricket championship in 2024?
Which state is going to host 36th National Games?
What is the total number of Lok Sabha constituency in Uttar Pradesh?
Which state has decided to invest in the ABADHA scheme recently?
Which city ranked 350th in the 2024 Oxford Economics Global Cities Index?
Lusaka is the capital of which of these countries?
