Impound vs Repossession - What's the difference?
impound | repossession |
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.
(uncountable) The condition of being repossessed
(countable) The act of repossessing
As nouns the difference between impound and repossession
is that impound is a place in which things are impounded while repossession is (uncountable) the condition of being repossessed.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.