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U
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Alphabetical Glossary

L

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

Letters of Administration

Learn what Letters of Administration are, when they are used in the UK, and how they differ from a Grant of Probate in estate management.
Learn more

Licence to Alter

Read more about the meaning of "Licence to Alter" in leasehold situations and how they are necessary for almost every kind of serious construction project on a leasehold property.
Learn more
dospay Escrow & Payments

Articles

Information, guides and blogs about specialist escrow and third-party managed payment services.
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Why can't law firms in the UK provide escrow services?
Legal & Dispute Resolution
Third-Party Managed Accounts

Why can't law firms in the UK provide escrow services?

Rule 3.3 of the SRA Accounts Rules specifically prohibits the use of a client account to provide banking services.
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Escrow Accounts vs. Third-Party Managed Accounts
Legal & Dispute Resolution
Third-Party Managed Accounts

Escrow Accounts vs. Third-Party Managed Accounts

A guide for law firms - escrow accounts and TPMA's both serve as mechanisms to safeguard funds and control disbursements, but operate in different ways.
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5 reasons clients prefer Project Bank Accounts
Construction
Third-Party Managed Accounts

5 reasons clients prefer Project Bank Accounts

‍Project Bank Accounts (PBAs) have been around for a long time now but, in the wake of Carillion and ISG's collapses, are experiencing a resurgence in popularity, both in the public and private sectors.
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UK Project Bank Account Providers List (2026)
Construction
Third-Party Managed Accounts

UK Project Bank Account Providers List (2026)

A round-up of the institutions that we know are presently offering Project Bank Accounts in the United Kingdom.
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Enabling Construction Works for Overseas Clients through an Escrow Account
Construction
Escrow

Enabling Construction Works for Overseas Clients through an Escrow Account

Securing the construction supply chain against high-risk overseas employers by using a construction escrow account as security for monthly payment.
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Construction Escrow as an alternative to Adjudication
Construction
Escrow

Construction Escrow as an alternative to Adjudication

Pay first, argue never? How to reduce the likelihood of disputes by using construction escrow to guarantee monthly payment amounts.
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FF&E / OS&E Procurement
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Escrow Accounts
Aircraft Purchase Escrow (UK)
Arbitration Security Escrow
Art Purchase Escrow
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Construction Retentions Escrow
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Divorce Escrow
Jet Card Escrow
Licence to Alter Escrow
Marine Sale & Purchase Escrow
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Party Wall Escrow
Pension Deficit Escrow
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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
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DiPPA
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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
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© 2026 DOS & Co. Ltd.
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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.