Impound
Pronunciation
- verb IPA: /ɪmˈpaʊ̯nd/
- noun IPA: /ˈɪmpaʊ̯nd/
- Rhymes: -aÊŠnd
Full definition of impound
Verb
- (transitive) To shut up or place in an enclosure called a pound.His car got impounded after he'd parked illegally.
- (transitive, legal) To hold in the custody of a court or its delegate.to impound stray cattle; to impound a document for safe keeping.
- (transitive, legal, banking) 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 things are impounded.
- A state of being impounded.
- That which has been impounded.
- (legal, banking) Amounts collected from a debtor and held by one with a security interest in property for payment of property taxes and insurance.
© Wiktionary