impound
Short definition from Wiktionary
Verb
- To shut up or place in an enclosure called a pound.
- To hold back.
- To hold in the custody of a court or its delegate.
- To collect and hold (funds) for payment of property taxes and insurance on property in which one has a security interest.
Noun
- A place in which impounded things are stored.
- The state of being impounded.
- That which has been impounded.
- Amounts collected from a debtor and held by one with a security interest in property for payment of property taxes and insurance.
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