impound account

An account of accumulated funds held by a lender for payment of taxes, insurance, or other periodic debts against real property.

— Also termed escrow; escrow account; reserve account. See ESCROW(2).

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词条贡献者

资深译员Daniel，国际知名法学院法律英语专业，擅长翻译涉及工程与建设领域的法律文件。