Impound fund definition
WitrynaCollected Funds means, with respect to any Collection Period, the amount of funds in the Collection Account representing collections on the Receivables during such …
Impound fund definition
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WitrynaImpoundment 3. (1). was defended by Administration spokesmen as being a power derived from the President’s executive powers and particularly from his obligation to … WitrynaMeaning of impound in English. impound. verb [ T ] us / ɪmˈpaʊnd / uk / ɪmˈpaʊnd /. If the police impound something that belongs to you, they take it away because you …
WitrynaESCROW/IMPOUND FUNDS. Required Reserve Fund Deposit. Disbursement Account has the meaning ascribed to it in Section 1.1 (e). Escrowed Payment. Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender. Escrowed Property has the meaning set forth in the … Impound is an account maintained by mortgage companies to collect amounts such as hazard insurance, property taxes, … Zobacz więcej Impound accounts are often required of borrowers who put down less than 20%. The purpose of the impound account is to protect the … Zobacz więcej Sometimes, a mortgage impound is not required, but a borrower can elect to have one. On one hand, a mortgage impound may tie up money that might be better used … Zobacz więcej
WitrynaFunds cannot be deferred beyond the end of the fiscal year, or for so long that the affected agency could no longer spend the funds prudently. In the original Impoundment Control Act, the president was allowed to defer funds for any reason, including opposition to a specific program or for general policy goals, such as … Witrynaimpound in American English (ɪmˈpaʊnd ) verb transitive 1. to shut up (an animal) in a pound 2. to take and hold (a document, funds, a vehicle, etc.) in legal custody 3. to …
Witryna1. To confine in or as if in a pound: capture and impound stray dogs. 2. To place (something) in legal custody until a dispute involving it is decided: impounding ballots in a disputed election. 3. To set aside in a fund rather than spend as prescribed: a governor who impounded monies designated for use by cities. 4.
Witryna1 paź 2024 · Impound accounts mitigate a lender 's risk because they ensure that the homeowner won't lose the house (which is the bank's collateral for the mortgage) due … east 17 stay another day albumWitryna10 kwi 2024 · impound in American English (ɪmˈpaʊnd ) verb transitive 1. to shut up (an animal) in a pound 2. to take and hold (a document, funds, a vehicle, etc.) in legal custody 3. to gather and enclose (water) for irrigation, etc. Webster’s New World College Dictionary, 4th Edition. Copyright © 2010 by Houghton Mifflin Harcourt. All rights … east 17 snowWitrynaAn impound account is a type of account that holds accumulated funds for the payment of periodic debts against real property, such as taxes or insurance. It is also known as an escrow or reserve account. The lender holds the funds and makes the payments on behalf of the borrower. For example, if a homeowner has a mortgage, the lender may ... c\u0026l trading of miami incImpoundment is, more generally, the act of detaining something such as animals or personal property due to a legal dispute. In roughly this sense, the President detains funds in the treasury rather than spending them as appropriated. The first use of the power by President Thomas Jefferson involved refusal to spend $50,000 ($1.12 million in 2024) in funds appropriated for the acquisition of gunboats for the United States Navy. He said in 1803 that "[t]he sum of fifty thousa… east 19427026WitrynaESCROW/IMPOUND FUNDS. Required Reserve Fund Deposit. Disbursement Account has the meaning ascribed to it in Section 1.1 (e). Escrowed Payment. Earnest Money … east 17 stay another day coverWitrynaImpound definition: To confine in or as if in a pound. By damming the stream, the engineers impounded its waters for irrigation. c\u0026l ward reviewsWitrynaIMPOUND FUNDS is defined in Section 11.8. Sample 1 Based on 1 documents Related to IMPOUND FUNDS Reserve Fund Initial Deposit means the initial deposit of cash … east 17 stay now lyrics