MLchartDataset catalogue

Funds control

Term · Insurance and risk management · MLC-T-INS-003657

A financial management practice involving the oversight and regulation of monetary disbursements, often in construction projects or escrow arrangements. A third party manages the release of payments to contractors and suppliers based on verified progress or compliance with contractual terms. This process mitigates the risk of misappropriation or incomplete work.

Table 1. Record
IdentifierMLC-T-INS-003657
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003657",
  "term": "Funds control",
  "field": "Insurance and risk management",
  "definition": "A financial management practice involving the oversight and regulation of monetary disbursements, often in construction projects or escrow arrangements. A third party manages the release of payments to contractors and suppliers based on verified progress or compliance with contractual terms. This process mitigates the risk of misappropriation or incomplete work.",
  "url": "https://mlchart.com/terminology/insurance/funds-control/"
}

Record 1,507 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.