What impound means?

1. to shut up in a pound or other enclosure, as a stray animal. 2. to confine within an enclosure or within limits. water impounded in a reservoir.

What is the meaning of vehicle impounded?

/ɪmˈpaʊnd/ If the police impound something that belongs to you, they take it away because you have broken the law: The police impounded cars and other personal property belonging to the drug dealers. The vehicle was impounded by customs. Compare.

What are impounded waters?

Impound water means to accumulate water in a reservoir for immediate or future use, including the purpose of flood control and detention.

Why do they impound cars?

Police officers can impound your car for a variety of reasons. If you are arrested for a traffic violation, like a DUI, and no one else is present and able to drive your car, then they will typically impound it. Illegally parking or abandoning your vehicle also risks impoundment.

How do you use impound in a sentence?

place or shut up in a pound.

1. The coast guard impound boats if they find anything.
2. The police are under instructions to impound such machines wherever they find them.
3. The president might also impound funds of his choosing, including Social Security.
4. The custom impound the whole cargo.

What does impounded mean in mortgage?

escrow account
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. Sometimes, escrow accounts may also be required by law.

What does it mean to impound a lake?

noun. a body of water confined within an enclosure, as a reservoir. the act of impounding: towing and impoundment of abandoned vehicles. the condition of being impounded.

Can the President impound funds?

Impoundment is an act by a President of the United States of not spending money that has been appropriated by the U.S. Congress. Thomas Jefferson was the first president to exercise the power of impoundment in 1801.

What is impound account for taxes and insurance?

An impound account (also called an escrow account, depending on where you live) is simply an account maintained by the mortgage company to collect insurance and tax payments that are necessary for you to keep your home, but are not technically part of the mortgage.

Is impound account good?

An impound account greatly benefits the lender because they know your property taxes will be paid on time, and that your homeowners insurance won’t lapse. After all, if you have to pay it all in one lump sum, there’s a chance you won’t have the necessary cash on hand.