Interesting Phosphorus Facts. 1  Brand called the new element cold fire because it glowed in the dark. The name of the element comes from the Greek word phosphoros, which means bringer of light. The form of phosphorus Brand discovered was white phosphorus, which reacts with oxygen in air to produce a green-white light.
Purpose of Mortgage Escrow Account. A mortgage escrow is not the same as a real estate transaction escrow used by the buyer and the seller in the process of a home purchase. A mortgage escrow concerns the homeowner and the mortgage lender.or the homeowner, an escrow account provides a way to better budget property tax and insurance payments. Instead of having to come up with a lump sum when the bills are received, making smaller, monthly deposits into an escrow account reduces the possibility of funds shortage.
The lender may require that borrower put money into the account, known as the escrow's reserve. The reserve figure may be the minimum amount the lender requires in the account for the duration of the loan. Escrow reserves are not a prepaid finance charge because the money doesn't affect the loan's APR. A borrower who declines an escrow might have to pay an escrow waiver fee, which is considered a prepaid finance charge if the lender includes the fee in the APR calculation, reports the website My Equity Pro.