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Alphabetical Glossary

P

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

Politically Exposed Person (PEP)

A PEP is someone who holds or has held significant public office or is closely connected to such individuals. Secure, FCA-regulated service with Bank of England deposits.
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Probate

Understand what probate is in the UK, when it's needed, how it works, and the steps involved in legally managing a deceased person's estate.
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Probate Registry

Learn what the Probate Registry is, its role in the UK probate process, and how it issues legal documents like Grants of Probate and Letters of Administration.
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Project Bank Account

Read more about the meaning of "Project Bank Account" and how they can be used in construction projects to reduce risk to the client and the supply chain, and deliver cost savings.
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Prudential Regulation Authority (PRA)

Understand the role of the Prudential Regulation Authority (PRA) in the UK financial system, and how it regulates banks and insurers to ensure stability.
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dospay Escrow & Payments

Articles

Information, guides and blogs about specialist escrow and third-party managed payment services.
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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.
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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.
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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.
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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.
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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.
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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.
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Customer Due Diligence (CDD)
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
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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?
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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.