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Commit and Impound

verb

  • Perform an act, usually with a negative connotation.
    • usage: "perpetrate a crime"; "pull a bank robbery"
  • Give entirely to a specific person, activity, or cause.
    • usage: "She committed herself to the work of God"; "give one's talents to a good cause"; "consecrate your life to the church"
  • Cause to be admitted; of persons to an institution.
    • usage: "After the second episode, she had to be committed"; "he was committed to prison"
  • Confer a trust upon.
    • usage: "The messenger was entrusted with the general's secret"; "I commit my soul to God"
  • Make an investment.
    • usage: "Put money into bonds"
  • Engage in or perform.
    • usage: "practice safe sex"; "commit a random act of kindness"
(DoD) The process of committing one or more air interceptors or surface-to-air missiles for interception against a target track.

verb

  • Take temporary possession of as a security, by legal authority.
    • usage: "The FBI seized the drugs"; "The customs agents impounded the illegal shipment"; "The police confiscated the stolen artwork"
  • Place or shut up in a pound.
    • usage: "pound the cows so they don't stray"
(v.t.) To shut up or place in an inclosure called a pound; hence, to hold in the custody of a court; as, to impound stray cattle; to impound a document for safe keeping.

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.