Impound | Definition of Impound by Merriam-Webster
Define impound: to shut up in or as if in a pound : confine; to seize and hold in the
custody of the law — impound in a sentence.
Impound - Investopedia
Impound accounts are often required of borrowers who put down less than 20%,
but are usually optional in other cases. The purpose of the impound account is...
What is an escrow or impound account?
Aug 3, 2017 ... An escrow account, sometimes called an impound account depending on where you live, is set up by your mortgage lender to pay certain property-related expenses.
The money that goes into the account comes from a portion of your monthly mortgage payment.
... Your mortgage servicer will ...
Impound Definition & Example | InvestingAnswers
In the real estate world, an impound is an account that mortgage companies use
to collect property taxes, homeowners insurance, private mortgage insurance...
Impound | Define Impound at Dictionary.com
Impound definition, to shut up in a pound or other enclosure, as a stray animal.
Impounds - definition of impounds by The Free Dictionary
Define impounds. impounds synonyms, impounds pronunciation, impounds
translation, English dictionary definition of impounds. tr.v. im?pound?ed...
Impounds legal definition of impounds
impound. v. 1) 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...
impound - Dictionary Definition : Vocabulary.com
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 hydrant.
impounds, or deposits placed in reserve with the lender
If you make a minimum down payment, you may be required to deposit funds into
an impound account. Funds in this account are your funds, and the lender uses...