Impound fund definition
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 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 …
Impound fund definition
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WitrynaAn 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. 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.
Witryna1 a : to shut up in or as if in a pound : confine b : to seize and hold in the custody of the law c : to take possession of she was dismissed and her manuscript impounded … WitrynaFunds 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 …
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 … 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.
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 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 howard johnson shooting new orleanshow many jennifers in the worldWitrynanoun. 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 … howard johnson shanghai nanjing roadWitrynaAn 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. howard johnson shooting 1973WitrynaIn 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 howard johnson santa cruz caWitrynaBritannica Dictionary definition of IMPOUND. [+ object] : to use legal powers to get and hold (something) The police impounded her car because it was illegally parked. … howard johnson santee scWitrynaCapital 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 … howard johnson san pedro buenos aires