13. During a mortgage, a bank or other financial institution holds the homeowner's Insurance and property tax money and pays those bills when they are due. What Is this process called? A. Holding money in a savings account B. Investing money for future payouts C. Holding money in escrow D. Holding money for future increases A B C D

## Step 1<br />The problem describes a situation where a bank or other financial institution holds the homeowner's insurance and property tax money and pays those bills when they are due. This process is known as holding money in escrow.<br /><br />## Step 2<br />Let's analyze each option:<br />- Option A: Holding money in a savings account. This does not match the situation described in the problem because it does not involve paying bills when they are due.<br />- Option B: Investing money for future payouts. This also does not match the situation described in the problem because it does not involve paying bills when they are due.<br />- Option C: Holding money in escrow. This matches the situation described in the problem perfectly. In this process, a third party holds funds until certain conditions are met, such as the payment of bills.<br />- Option D: Holding money for future increases. This does not match the situation described in the problem because it does not involve paying bills when they are due.