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 disbursement. Definition. The dispensing of escrow funds for the payment of real estate taxes, hazard insurance, mortgage insurance, and other property expenses as they are due. Use escrow disbursement in a sentence. â The escrow disbursement was a really cool thing and I wondered how everything was going and how it would finish.