das Sperrkonto
Translation
blocked account, escrow account
Examples
Studenten brauchen oft ein Sperrkonto für das Visum.
Students often need a blocked account for the visa.
Man kann nicht einfach Geld vom Sperrkonto abheben.
One cannot simply withdraw money from the blocked account.
Grammar Patterns
((et4)) eröffnen to open a blocked account. I need to open a Sperrkonto.
Geld ((auf+4)) einzahlen to deposit money into a blocked account. He deposited money into his Sperrkonto.
Similar Words
Festgeldkonto (fixed-term deposit account)
Etymology
A compound of 'sperren' (to block) and 'Konto' (account). Literally a 'blocked account'.
Memory Tips
Think of a barrier ('Sperre') on your account ('Konto'), blocking free access to the funds.