Impound Account in semiconductor equipment and services business at Taiwan?
Can a lender seize your impound account if you stop making your payments?
Impoundment
A traditional budgeting procedure by which the President of the United States once could prevent any agency of the Executive Branch from spending part or all of the money previously appropriated by Congress for their use.
IMPOUND - That portion of a borrower's monthly payments held by the lender or servicer to pay for taxes...
IMPOUND ACCOUNT - A trust account established to set aside funds for future needs relating to a parcel ...
Impound
To seize or hold; or to place in custody by order of a court.
In Bond ...
Impound - To take custody of and seize property or money by some legal action (e.g., court mandate).
Imprest System - A reimbursement system whereby the total petty cash payment is reimbursed to the original sum in hand.
Impound account
An account in which money for property taxes and insurance is held until paid; money is added to the account every time a mortgage payment is made.
Impounds ...
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; ...
Reserves Deposited with Lender - if making a minimum down payment, you may be required to deposit funds into an impound account or escrow account.
The Congressional Budget and Impoundment Control Act of 1974 stipulated the change to allow Congress more time to arrive at a budget each year, and provided for what is known as the "transitional quarter" from July 1, 1976 to September 30, 1976.
The Congressional Budget Office was created by the Congressional Budget and Impoundment Control Act of 1974. It began operating on February 24, 1975. The Congressional Budget Office is composed primarily of economists and public policy analysts.
Taking water from surface water or groundwater such as rivers, reservoirs or boreholes. You must have an abstraction licence if you intend to impound water or take more than 20 cubic metres per day.
Access control ...
For instance, if you operate a plant that requires hazardous waste disposal in the state of Ohio, prepare to pay $9 per ton per month for off-site landfilling, or $10,000 a year for off-site surface impoundment.
 See also: Saving, Expense, Escrow, Property tax, Administration
  
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