/ɪm'paυnd/ verb
to take something away and keep it until a tax is paid
customs impounded the whole cargo

Dictionary of banking and finance. 2015.

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  • impound — im·pound /im pau̇nd/ vt: to take control of in the custody of the law or by legal authority impound a vehicle the police impound ed the dwelling until the search warrant was obtained im·pound·ment n Merriam Webster’s Dictionary of Law. Merriam… …   Law dictionary

  • impound — im‧pound [ɪmˈpaʊnd] verb [transitive] LAW if the police or law courts impound your possessions, they take them and keep them because a law has been broken: • Courts are authorized to impound any vehicle driven by a person without a valid license …   Financial and business terms

  • Impound — Im*pound , v. t. [imp. & p. p. {Impounded}; p. pr. & vb. n. {Impounding}.] To shut up or place in an inclosure called a pound; hence, to hold in the custody of some authority such as police or a court; as, to impound stray cattle; to impound an… …   The Collaborative International Dictionary of English

  • impound — (v.) early 15c., to shut up in a pen or pound, from assimilated form of in into, in (see IN (Cf. in ) (2)) + POUND (Cf. pound) (n.). Originally of cattle seized by law. Related: Impounded; impounding …   Etymology dictionary

  • impound — [v] confine cage, coop up, enclose, fence in, hold, imprison, keep, pen, seize, shut in, take; concepts 121,130 …   New thesaurus

  • impound — ► VERB 1) seize and take legal custody of. 2) shut up (domestic animals) in a pound. 3) (of a dam) hold back or confine (water). DERIVATIVES impoundment noun …   English terms dictionary

  • impound — [im pound′] vt. 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. impoundment n …   English World dictionary

  • Impound — An account maintained by mortgage companies to collect amounts such as hazard insurance, property taxes, private mortgage insurance and other required payments from the mortgage holders; these payments are necessary to keep the home but are not… …   Investment dictionary

  • impound — UK [ɪmˈpaʊnd] / US verb [transitive] Word forms impound : present tense I/you/we/they impound he/she/it impounds present participle impounding past tense impounded past participle impounded if the police or other officials impound something, they …   English dictionary

  • impound — verb a) To shut up or place in an inclosure called a pound; b) To hold in the custody of a court or its delegate; as, to impound stray cattle; to impound a document for safe keeping …   Wiktionary

  • impound — verb Impound is used with these nouns as the object: ↑car, ↑vehicle …   Collocations dictionary

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