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Tommy，毕业于亚洲顶尖的高级翻译学院，擅长翻译有关基础设施/交通运输领域的法律文件。