Impound account

Impound account,

Definition of Impound account:

  1. Sum of money held by a lender (usually a bank) for payment of insurance, property taxes, and other related expenses on a particular loan.

Meaning of Impound account & Impound account Definition

Impound Account,

What Does Impound Account Mean?

The definition of Impound Account is: An account issuing bank / lender or credit service provider automatically prepares to collect and pay the property tax and insurance fees of the borrower each month when they fall into compensation.

Literal Meanings of Impound Account

Impound:

Meanings of Impound:
  1. Confiscation and seizure (of anything, especially a vehicle, property or document) in violation of a law or regulation.

  2. Cage or cage lock (pet).

  3. Maintain or contain (a dam)

Sentences of Impound
  1. Vehicles parked at places due to traffic jams will be confiscated.

  2. Cattle were seized and confiscated

  3. Conquer a 130 mile long reservoir

Synonyms of Impound

appropriate, pen in, box in, fence in, sequester, commandeer, coop up, confiscate, hedge in, hem in, seize, rail in, requisition, shut up, take possession of, shut in, expropriate, take, sequestrate

Account:

Meanings of Account:
  1. See or see yourself in a certain way.

  2. A record or report of financial income and expenditure relates to a specific period or purpose.

  3. An arrangement in which an organization raises funds on behalf of a customer or provides goods or services to a customer on credit.

  4. An agreement that gives a user personal access to a computer, website or application by entering a personal username and password.

Sentences of Account
  1. Detailed report obtained

  2. He doesn't care about money

Synonyms of Account

ledger, look on as, sketch, weightiness, rate, book, interpret as, report, results, balance sheet, concern, interpretation, gravity, exposition, rendition, delineation, narrative, narration, see as, consequence, moment, think of as, momentousness, adjudge

Impound Account,

What is Impound Account?

An account created by the issuing bank / lender or credit service provider that automatically collects and pays the borrower's property taxes and insurance fees each month.

Literal Meanings of Impound Account

Impound:

Meanings of Impound:
  1. Seizure of something (especially a vehicle, property or document) for violating the law and keeping it legal.

  2. Attach (pet) in a pound or pencil.

  3. Keep (with dam) (water)

Sentences of Impound
  1. Vehicles parked at the places under consideration along the way will be confiscated.

  2. Cattle are caught and confiscated.

  3. Conquer 130 miles of reservoirs.

Synonyms of Impound

enclose, kettle, disseize, poind, shut up/in, cage, attach, distrain, corral, confine

Account:

Meanings of Account:
  1. Description of an account or an event or experience.

  2. Financial records or reports of income and expenditure for a specific period or purpose.

  3. Arrangements in which an organization withholds funds from customers or provides goods or services to customers on credit.

  4. Consider or consider in a particular way.

  5. Prepare or submit files for given or received cash accounts.

Sentences of Account
  1. Detailed report on what was achieved

  2. Your visit cannot be considered successful.

  3. For accurate reporting, the trustee should not combine trust assets with other properties.

Synonyms of Account

statement, interest, bank account, record, tale, transcript, vlog, review, proceeding, sitrep, take for, deposit account, side, moblog, significance, memoir, transaction, blog, importance, seriousness, relation, explanation, prominence

Impound Account,

What is The Meaning of Impound Account?

  • Impound Account definition is: An account created by the issuing bank / lender or credit service provider so that the borrower's property taxes and insurance fees are automatically credited and paid each month.

Literal Meanings of Impound Account

Impound:

Meanings of Impound:
  1. Confiscation of anything (especially a vehicle, property or document) to break the law and keep it legal.

  2. Add (pets) in one pound or pencil.

Sentences of Impound
  1. Vehicles parked at disability sites will be confiscated.

  2. Conquering the 130 mile long reservoir

Account:

Meanings of Account:
  1. Description of an account or event or experience.

  2. Financial records or income and expense reports for a specific period or purpose.

  3. Prepare or submit files for cash accounts given or received.

Sentences of Account
  1. Detailed report of what was obtained

  2. For accurate reporting, the trustee should not combine fiduciary assets with other assets.

Synonyms of Account

rehearsal, description, financial record, annal, view as, mark, recital, portrayal, register, minute, savings account, financial statement, version, news, archive, reckon, deem, communiqué, value, regard as, journal, impression, note