Impound fund definition
WitrynaESCROW/IMPOUND FUNDS. Required Reserve Fund Deposit. Disbursement Account has the meaning ascribed to it in Section 1.1 (e). Escrowed Payment. Earnest Money …
Impound fund definition
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WitrynaAn action taken by the president in which he or she proposes not to spend all or part of a sum of money appropriated by Congress. Impoundment 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…
WitrynaAn action taken by the president in which he or she proposes not to spend all or part of a sum of money appropriated by Congress. Witryna4 wrz 2024 · What is an escrow or impound account? An escrow account, sometimes called an impound account depending on where you live, is set up by your mortgage …
Witryna1 a : to shut up in or as if in a pound : confine b : to seize and hold in the custody of the law c : to take possession of she was dismissed and her manuscript impounded … Witryna1) to collect funds, in addition to installment payments, from a person who owes a debt secured by property, and place them in a special account to pay property taxes and insurance when due. This protects the lender or seller from the borrower's possible failure to keep up the insurance or a mounting tax bill which is a lien on the property.
Witryna1 : the act of impounding : the state of being impounded 2 : a body of water formed by impounding Synonyms captivity confinement immurement imprisonment …
WitrynaCollected Funds means, with respect to any Collection Period, the amount of funds in the Collection Account representing collections on the Receivables during such … can you sell software on etsyWitrynaAn 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 ... brinmarshopWitrynaDefinition of Impoundment (CRS). Impoundment includes any executive action to withhold or delay the spending of appropriated funds. One useful distinction among impoundment actions, which received statutory recognition in the 1974 Impoundment Control Act, focuses on duration: whether the President’s intent is permanent … br in medical termWitrynaImpoundment 3. (1). was defended by Administration spokesmen as being a power derived from the President’s executive powers and particularly from his obligation to … brin me on to that perfect life songWitryna19 sty 2024 · Reserve Fund: A reserve fund is a savings account or other highly liquid asset set aside by an individual or business for meeting the future costs of upkeep and any unexpected costs that may arise ... can you sell st jude dream home if you winWitrynaIMPOUND 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 in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date. Impound means to take and hold a vehicle in legal custody. brinmor constructions pvt. ltdWitryna30 kwi 2024 · A sinking fund is an account containing money set aside to pay off a debt or bond. Sinking funds may help pay off the debt at maturity or assist in buying back … brinmatch