Complete the sentence below by supplying the correct specialized occupational terms for each blank.
Cevap:During the commercial property acquisition, the buyer deposited the required funds into an 【escrow】 account to ensure secure settlement, while the financial consultant prepared a detailed schedule showing the gradual repayment of the loan principal through periodic 【amortization】 payments.
Cevap
The first blank requires 'escrow' (a financial arrangement where a third party holds funds before closing a transaction), and the second blank requires 'amortization' (the gradual liquidation of a debt through regular installments).
In banking, finance, and real estate registers, an 'escrow' account is a designated account where funds are held by a neutral third party during a transaction until specific legal conditions are met. 'Amortization' refers to the process of spreading out a loan into a series of equal payments over time so that each payment contributes to both principal and interest.
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Anahtar Kavram
Banking and Real Estate Register Terms