escrow account
as defined in Regulation (EU) 2021/1060 of the European Parliament and of the Council of…, Article 2, point (39) (Definitions)
in the case of a PPP operation, a bank account covered by a written agreement between a public body beneficiary and the private partner approved by the managing authority or an intermediate body used for payments during or after the eligibility period;
Install the extension for EUR-Lex
Also defined in
- Regulation (EU) No 1303/2013 of the European Parliament and of the Council of 17 December 2013 laying down common… 32013R1303, Article 2, point (26)
a bank account covered by a written agreement between a managing authority or an intermediate body and the body implementing a financial instrument, or, in the case of a PPP operation, a written agreement between a public body beneficiary and the private partner approved by the managing authority…