Impound fund definition

WitrynaBritannica Dictionary definition of IMPOUND. [+ object] : to use legal powers to get and hold (something) The police impounded her car because it was illegally parked. … WitrynaAn impound account is a type of account that holds accumulated funds for the payment of periodic debts against real property, such as taxes or insurance. It is also known as an escrow or reserve account. The lender holds the funds and makes the payments on behalf of the borrower. For example, if a homeowner has a mortgage, the lender may ...

IMPOSITION AND INSURANCE IMPOUND FUND Definition Law …

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. … 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 … csgo fast matches https://constancebrownfurnishings.com

Impound legal definition of impound - TheFreeDictionary.com

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 … 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 Witryna1 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 … csgo fast switch

Impoundment (political) legal definition of Impoundment (political)

Category:Impounded - definition of impounded by The Free Dictionary

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Impound fund definition

Impound legal definition of impound - TheFreeDictionary.com

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 … Witryna4 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 …

Impound fund definition

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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. 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 …

WitrynaIn the Impound Funding dialog, select the appropriate withdrawal checkbook from the drop-down list. Note: The withdrawal checkbook is the checkbook to be debited for fund transactions while the impound checkbook is credited. 3. Choose Setup / Direct Deposit. 4. Enter the appropriate direct deposit information to be used for the funding ACH

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 … 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 …

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 …

WitrynaCollected Funds means, with respect to any Collection Period, the amount of funds in the Collection Account representing collections on the Receivables during such … csgofc平台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 … csgofeixing1WitrynaExamples of Insurance Impound in a sentence. An 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.. If Borrower fails to deposit funds into the Insurance Impound sufficient to permit Administrative Agent to … e71 software updateWitrynaIMPOUND 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. csgofast steam guard is in holdWitrynaA 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 … cs go fechando sozinho windows 10WitrynaFunds 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 … e71t 11 wireWitryna30 kwi 2024 · A sinking fund is an account containing money set aside to pay off a debt or bond. Sinking funds may help pay off the debt at maturity or assist in buying back … csgo fear