Impound vs Forfeiture - What's the difference?
impound | forfeiture |
To shut up or place in an enclosure called a pound.
To hold back, as water by a dam.
(legal) To hold in the custody of a court or its delegate.
(transitive, legal, banking) To collect and hold (funds) for payment of property taxes and insurance on property in which one has a security interest.
A place in which things are impounded.
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A state of being impounded.
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That which has been impounded.
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(legal, banking) Amounts collected from a debtor and held by one with a security interest in property for payment of property taxes and insurance.
(legal) A legal action whereby a person loses all interest in the forfeit property.
(legal) The loss of forfeit property.
(legal) The property lost as a forfeit.
Any loss occasioned by one's own actions.
In legal|lang=en terms the difference between impound and forfeiture
is that impound is (legal) to hold in the custody of a court or its delegate while forfeiture is (legal) the property lost as a forfeit.As nouns the difference between impound and forfeiture
is that impound is a place in which things are impounded while forfeiture is (legal) a legal action whereby a person loses all interest in the forfeit property.As a verb impound
is to shut up or place in an enclosure called a pound.impound
English
Verb
(en verb)- His car got impounded after he'd parked illegally.
- to impound''' stray cattle; to '''impound a document for safe keeping.