verb to seize and take legal custody of something, typically by a government authority
In real estate, impound accounts are used to hold funds for property taxes and insurance, ensuring that these expenses are paid on time.
Impound accounts are also used in mortgage lending to hold funds for property taxes and insurance, ensuring that these expenses are paid by the lender on behalf of the borrower.
Impound refers to the act of seizing and holding property, typically vehicles, by law enforcement due to various reasons such as illegal parking, traffic violations, or involvement in criminal activities.
In the context of animal control, impound can refer to the action of capturing and confining stray or dangerous animals to ensure public safety.
Impound can refer to the containment or confinement of hazardous materials or pollutants to prevent environmental damage or contamination.
In the legal field, a writer may use 'impound' when referring to the temporary seizure of property by authorities as evidence in a case.
A psychologist may use 'impound' when discussing the emotional impact of having personal belongings impounded during a legal process.
Law enforcement officers frequently impound vehicles that are involved in accidents or used in criminal activities.
An insurance adjuster may deal with impounded vehicles when assessing claims related to accidents or theft.
A real estate agent may come across properties that have been impounded by the government due to non-payment of taxes or other legal issues.