A
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
Alphabetical Glossary

B

A run-down of all of the relevant glossary terms beginning with "B"...

Bank of England

Explore the role of the Bank of England in the UK economy, its responsibilities in financial stability, and its function in safeguarding certain client accounts.
Learn more

Bar Standards Board (BSB)

Understand the role of the Bar Standards Board (BSB) in regulating barristers in England and Wales and enforcing professional and ethical standards.
Learn more

Beneficial Owner

A beneficial owner is an individual who ultimately owns or controls a business or the client’s funds, even if they are not the direct customer.
Learn more

Beneficiary

Read more about the meaning of "Beneficiary" and its importance in compliance when it comes to opening financial accounts, escrow accounts or high-interest deposit accounts.
Learn more
dospay Escrow & Payments

Articles

Information, guides and blogs about specialist escrow and third-party managed payment services.
View all Articles
What Is an Escrow Agent and Why Choosing the Right One Matters
Legal & Dispute Resolution
Escrow

What Is an Escrow Agent and Why Choosing the Right One Matters

What an escrow agent does, how they differ from banks and lawyers, and why London-based escrow specialists like dospay offer superior protection.
Read Article
What Is a Planning & Development Escrow Account and When Should It Be Used?
Real Estate
Escrow

What Is a Planning & Development Escrow Account and When Should It Be Used?

Planning & Development Escrow accounts support Section 106 obligations, secure phased payments, and mitigate financial risk in UK planning law.
Read Article
What is a Shipyard Escrow and why is it used?
Marine
Escrow

What is a Shipyard Escrow and why is it used?

Used in yacht and ship construction and refit projects, they are essential for managing risk in milestone-based marine contracts.
Read Article
What Is a Decommissioning Escrow Account and When Is It Needed?
Real Estate
Escrow

What Is a Decommissioning Escrow Account and When Is It Needed?

How decommissioning escrow accounts work, and why they’re critical for long-term liability planning.
Read Article
What is FF&E in Interior Design & Construction Projects?
Construction
Third-Party Managed Accounts

What is FF&E in Interior Design & Construction Projects?

A guide for private clients and developers on how the design, specification and procurement of furniture, fixtures and equipment works.
Read Article
Which Banks Offer Executor Accounts in the UK (2026)
Private Client & Family Office
Third-Party Managed Accounts

Which Banks Offer Executor Accounts in the UK (2026)

Options, requirements and alternatives to high-street executor bank accounts.
Read Article
dospay
Articles, News & Blogs
Frequently Asked Questions
Product Notes
Pricing
Glossary
Introducers & Partners
Impact
Reviews
Contact
Request a Quote
Book a Video Call
Contact Us
Your Account
Account Portal
Terms & Conditions
Leave a Review
Card Billing
DOS & Co.
DOS & Co.
doslab
Retention Protection Pledge
UK Retention Deposit Scheme
UK Security for Expenses Scheme
Sectors we work with
Topics
FF&E / OS&E Procurement
High-Value Dealers and Interior Design
Escrow Accounts
Aircraft Purchase Escrow (UK)
Arbitration Security Escrow
Art Purchase Escrow
Construction Escrow
Construction Retentions Escrow
Decommissioning Escrow
Divorce Escrow
Jet Card Escrow
Licence to Alter Escrow
Marine Sale & Purchase Escrow
Mergers & Acquisitions ('M&A') Escrow
Party Wall Escrow
Pension Deficit Escrow
Planning & Development Escrow
Security for Costs Escrow
Shipyard Escrow
Third-Party Managed Accounts (TPMA's)
Cladding Safety Scheme Trust Accounts
Corporate PayMaster Accounts
FF&E Procurement Accounts
Household PayMaster Accounts
M&A Paying Agents
Probate & Executor Accounts
Project Bank Accounts
Settlement Distribution Agent Services
TPMA's for Direct Access Barristers
TPMA's for Legal Fees on Account
Zero-Fee Payment & Escrow Schemes
UK Retention Deposit Scheme
UK Security for Expenses Scheme
Glossary
Anti-Money Laundering (AML)
Bank of England
Bar Standards Board (BSB)
Beneficial Owner
Beneficiary
Client Money Rules (SRA)
Client Money Rules for Barristers (BSB Handbook)
Counter-Terrorist Financing (CTF)
Customer Due Diligence (CDD)
DiPPA
Enhanced Due Diligence (EDD)
Escrow
Escrow Agent
Estate Administration
Estate Administrator
Executor
Executor Account
FF&E
Financial Conduct Authority (FCA)
Financial Services Compensation Scheme (FSCS)
Grant of Probate
High-Value Dealer (HVD)
KYB
KYC
KYT
Letters of Administration
Licence to Alter
OS&E
Office of Financial Sanctions Implementation (OFSI)
Politically Exposed Person (PEP)
Probate
Probate Registry
Project Bank Account
Prudential Regulation Authority (PRA)
Record-Keeping
Safeguarding
Sanctions Screening
Security for Expenses
Segregation
Solicitors Regulation Authority (SRA)
Source of Funds
Source of Wealth
TPMA
Trust Protector
Trustee
UBO
Frequently Asked Questions
Are escrow agents regulated in the UK?
Can I withdraw money from an escrow account?
Can escrow be used for personal transactions?
Do Escrow Accounts Earn Interest in the UK?
How much does an escrow account cost?
How much should be deposited in a Construction Escrow account?
Is Escrow Used in the UK? | UK Escrow Services Explained
What is a project escrow?
What is an escrow agreement?
What is the difference between an escrow and a payment service?
Who owns the money in an escrow account?
Who pays escrow fees in a typical escrow transaction?
Impact
DOS & Co. is a Certified B Corporation
Retention Protection Pledge Supporter
© 2026 DOS & Co. Ltd.
TermsPrivacyCookies

dospay is a trading name of DOS & Co. Ltd, a company registered in England and Wales with company number 08294966.
DOS & Co. Ltd. is registered with the Financial Conduct Authority under the Payment Services Regulations 2017 (FRN: 833374) for the provision of payment services.
All of our GBP escrow and third-party managed accounts are segregated and safeguarded at the Bank of England.