Impound fund definition

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August undefined, 2024

Witryna1. To confine in or as if in a pound: capture and impound stray dogs. 2. To place (something) in legal custody until a dispute involving it is decided: impounding ballots in a disputed election. 3. To set aside in a fund rather than spend as prescribed: a governor who impounded monies designated for use by cities. 4. WitrynaIMPOUND FUNDS is defined in Section 11.8. Sample 1 Based on 1 documents Related to IMPOUND FUNDS Reserve Fund Initial Deposit means the initial deposit of cash …

Impound - Definition, Meaning & Synonyms

WitrynaA quick definition of impound: Impound: When the police or court take someone's things, like a car or a building, because of a crime. Sometimes the owner can get their things back, but other times the things are given to the government. Impound can also mean taking money from someone who owes a debt and putting it in a special … WitrynaImpoundment 3. (1). was defended by Administration spokesmen as being a power derived from the President’s executive powers and particularly from his obligation to … how did melissa roxburgh get facial scars

Impoundment Definition & Meaning - Merriam-Webster

Impound is an account maintained by mortgage companies to collect amounts such as hazard insurance, property taxes, … Zobacz więcej Impound accounts are often required of borrowers who put down less than 20%. The purpose of the impound account is to protect the … Zobacz więcej Sometimes, a mortgage impound is not required, but a borrower can elect to have one. On one hand, a mortgage impound may tie up money that might be better used … Zobacz więcej Witryna10 kwi 2024 · impound in American English (ɪmˈpaʊnd ) verb transitive 1. to shut up (an animal) in a pound 2. to take and hold (a document, funds, a vehicle, etc.) in legal custody 3. to gather and enclose (water) for irrigation, etc. Webster’s New World College Dictionary, 4th Edition. Copyright © 2010 by Houghton Mifflin Harcourt. All rights … WitrynaImpound means to take and hold a vehicle in legal custody. There are two types of impounds—public and private. Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2 as a sub-account to the Collection Account. Insurance Premium means the amount that each Debtor shall pay on a monthly basis … how did melissa forsythe die

ESCROW/IMPOUND FUNDS Definition Law Insider

WitrynaIMPOUND FUNDS is defined in Section 11.8. Sample 1 Based on 1 documents Related to IMPOUND FUNDS Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date. Impound means to take and hold a vehicle in legal custody. how many sig figs does 13.0 haveWitrynaAn assignment of, and first priority security interest in, all funds held in the Tax and Insurance Impound Account, Replacement Reserve Account, and any Operating Reserve Account. Until expended or applied as above provided, any amounts in the Tax and Insurance Impound Fund shall constitute additional security for the Debt. how many sig figs does 16.0 have

"WitrynaVehicle impoundment is the legal process of placing a vehicle into an impoundment lot or tow yard, which is a holding place for cars until they are placed back in the control of … " - Impound fund definition

Impound fund definition

Impounded - definition of impounded by The Free Dictionary

Witryna19 sty 2024 · Reserve Fund: A reserve fund is a savings account or other highly liquid asset set aside by an individual or business for meeting the future costs of upkeep and any unexpected costs that may arise ... Witryna1) to collect funds, in addition to installment payments, from a person who owes a debt secured by property, and place them in a special account to pay property taxes and insurance when due. This protects the lender or seller from the borrower's possible failure to keep up the insurance or a mounting tax bill which is a lien on the property.

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Witrynaimpound verb [ T ] LAW uk / ɪmˈpaʊnd / us to take something away from someone because you have the legal right to do so: Companies in breach of the ruling may … Witrynaimpounded; impounding; impounds. To impound something is to legally take it away from its owner. The police might impound your car if you were parked in front of a fire …

WitrynaImpound definition: To confine in or as if in a pound. By damming the stream, the engineers impounded its waters for irrigation. WitrynaAn action taken by the president in which he or she proposes not to spend all or part of a sum of money appropriated by Congress.

WitrynaESCROW/IMPOUND FUNDS. Required Reserve Fund Deposit. Disbursement Account has the meaning ascribed to it in Section 1.1 (e). Escrowed Payment. Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender. Escrowed Property has the meaning set forth in the … Witryna22 lut 2024 · An impound or escrow account is essentially a form of forced savings. Annual property taxes and home insurance premiums can be significant expenses. …

WitrynaHow to use impound in a sentence. to shut up in or as if in a pound : confine; to seize and hold in the custody of the law; to take possession of… See the full definition

WitrynaDefinition of Impoundment (CRS). Impoundment includes any executive action to withhold or delay the spending of appropriated funds. One useful distinction among impoundment actions, which received statutory recognition in the 1974 Impoundment Control Act, focuses on duration: whether the President’s intent is permanent … how many sig figs does 28.0 haveWitryna4 wrz 2024 · What is an escrow or impound account? An escrow account, sometimes called an impound account depending on where you live, is set up by your mortgage … how many sig figs does 10.0 haveWitryna1 paź 2024 · Impound accounts mitigate a lender 's risk because they ensure that the homeowner won't lose the house (which is the bank's collateral for the mortgage) due … how many sig figs does 20. haveWitrynanoun. im· pound· ment im-ˈpau̇n (d)-mənt. Synonyms of impoundment. 1. : the act of impounding : the state of being impounded. 2. : a body of water formed by … how did melody thomas scott dieWitrynaFunds cannot be deferred beyond the end of the fiscal year, or for so long that the affected agency could no longer spend the funds prudently. In the original Impoundment Control Act, the president was allowed to defer funds for any reason, including opposition to a specific program or for general policy goals, such as … how many sig figs does 15.0 haveWitrynaCapital Impound Reserves means any capital replacement reserves required by any Facility Mortgagee or by Landlord. Landlord shall initially fund the Capital Impound Reserves and any increases thereto required by any Facility Mortgagee or … how many sig figs does 10.00 haveWitrynaBritannica Dictionary definition of IMPOUND. [+ object] : to use legal powers to get and hold (something) The police impounded her car because it was illegally parked. … how many sig figs does 0.3 have