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.

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.

dospay Escrow & Payments

Articles

Information, guides and blogs about specialist escrow and third-party managed payment services.

View all Articles

How Do I Find a (UK) Escrow Agent/Service?

Escrow

How Do I Find a (UK) Escrow Agent/Service?

We explain the key differences between the various escrow services available in the UK.

Why choose a digital Project Bank Account?

Third-Party Managed Accounts

Why choose a digital Project Bank Account?

"Digital Project Bank Accounts" are having their day. We delve beneath the software wrappers to have a look.

Construction Escrow: A Contractor's Guide

Escrow

Construction Escrow: A Contractor's Guide

We explore the benefits and opportunities of construction escrow, and how to 'sell' the concept to the client.

Pensions in the Age of Market Uncertainty – Avoiding Trapped Surplus

Escrow

Pensions in the Age of Market Uncertainty – Avoiding Trapped Surplus

Discover how pension deficit escrows offer a low-cost, efficient solution to avoid trapped surplus in defined benefit schemes amid market volatility.

Understanding FF&E Procurement: Should Interior Designers Purchase as Agent or Principal?

Third-Party Managed Accounts

Understanding FF&E Procurement: Should Interior Designers Purchase as Agent or Principal?

The devil lies in the detail - we explain the nuanced differences between the two.

High-Value Dealers: Part 3 - Simplifying Compliance with Third-Party Escrow Services

Third-Party Managed Accounts

High-Value Dealers: Part 3 - Simplifying Compliance with Third-Party Escrow Services

Outsourcing provides an opportunity for interior designers to lighten the compliance burden.

High-Value Dealers: Part 2 - Practical Steps for Compliance

Third-Party Managed Accounts

High-Value Dealers: Part 2 - Practical Steps for Compliance

Interior designers are now required to adhere to comprehensive anti-money laundering (AML) regulations. We detail the obligations.

High-Value Dealers: Part 1 – What's Changing and Why?

Third-Party Managed Accounts

High-Value Dealers: Part 1 – What's Changing and Why?

Regulators are taking a closer look at interior designers, art dealers and other high-value sellers.

Where to deposit party wall security for expenses

Escrow

Where to deposit party wall security for expenses

We look at the options for depositing party wall security for expenses under the Party Wall etc. Act 1996

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

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.

Escrow Accounts vs. Third-Party Managed Accounts

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.

5 reasons clients prefer Project Bank Accounts

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.

UK Project Bank Account Providers List (2025)

Third-Party Managed Accounts

UK Project Bank Account Providers List (2025)

A round-up of the institutions that we know are presently offering Project Bank Accounts in the United Kingdom.

Enabling Construction Works for Overseas Clients through an Escrow Account

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.

Construction Escrow as an alternative to Adjudication

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.