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Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

Impound

ub. 1. To place (something, such as a car or other personal property) in the custody of the police or the court, often with the understanding that it will be returned intact at the end of the proceeding. 2. To take and retain possession of (something, such as a forged document to be produced as evidence) in preparation for a criminal prosecution.

Impoundment

1. The action of impounding; the state of being impounded. See IMPOUND. 2. Constitutional law. The President's refusal to spend funds appropriated by Congress. ( Although not authorized by the Constitution and seldom used, the impoundment power effectively gives the executive branch a line-item veto over legislative spending.

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.