Definition of standard. 1 : a conspicuous object (such as a banner) formerly carried at the top of a pole and used to mark a rallying point especially in battle or to serve as an emblem.
Escrow Account Defined in Simple Terms. An escrow account is a deposit account that is created by a third party, usually an escrow agent, to hold in trust valuable assets that are tied to a transaction process on behalf of the transacting parties.
Escrow Accounts. The other meaning of escrow refers to an escrow account, which is used by mortgage lenders. Escrow accounts hold money for property taxes and homeowners insurance, which the lender pays on your behalf.scrow Holder. The designated escrow holder plays an important role in the purchasing process. As funds are deposited into the account or documents are drafted, the escrow holder is given specific instructions on what do to with the deposits.