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 … WitrynaAn assignment of, and first priority security interest in, all funds held in the Tax and Insurance Impound Account, Replacement Reserve Account, and any Operating Reserve Account. Until expended or applied as above provided, any amounts in the Tax and Insurance Impound Fund shall constitute additional security for the Debt.

IMPOUND definition in the Cambridge English Dictionary

WitrynaExamples of Insurance Impound in a sentence. An assignment of, and first priority security interest in, all funds held in the Tax and Insurance Impound Account, Replacement Reserve Account, and any Operating Reserve Account.. If Borrower fails to deposit funds into the Insurance Impound sufficient to permit Administrative Agent to … WitrynaESCROW/IMPOUND FUNDS. Required Reserve Fund Deposit. Disbursement Account has the meaning ascribed to it in Section 1.1 (e). Escrowed Payment. Earnest Money … how to sell t bill

Impounded Funds Definition Law Insider

WitrynaImpound definition: To confine in or as if in a pound. By damming the stream, the engineers impounded its waters for irrigation. 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. WitrynaA. In 1972, President Richard Nixon impounded funds for various social programs. Nixon argued that because Congress lacked a process for controlling the federal budget, budget deficits might expand irresponsibly if the … how to sell taylor swift tickets