That portion of a borrower's monthly payments held by the lender or servicer to pay for taxes, hazard insurance, mortgage insurance, lease payments, and other items as they become due. Also known as reserves.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). impound. Retrieved September 21, 2026, from http://smartdefine.org/impound/definitions/1155781 |
| Chicago | Barry Goldsmith. 2010. "impound" http://smartdefine.org/impound/definitions/1155781 (accessed September 21, 2026). |
| Harvard | Barry Goldsmith 2010, impound, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/impound/definitions/1155781>. |
| MLA | Barry Goldsmith. "impound" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/impound/definitions/1155781> |