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Impounded vs Repossessed - What's the difference?

impounded | repossessed |

As verbs the difference between impounded and repossessed

is that impounded is (impound) while repossessed is (repossess).

impounded

English

Verb

(head)
  • (impound)

    • impound

    English

    Verb

    (en verb)
  • To shut up or place in an enclosure called a pound.
    • His car got impounded after he'd parked illegally.
  • To hold back, as water by a dam.
  • (legal) To hold in the custody of a court or its delegate.
    • to impound''' stray cattle; to '''impound a document for safe keeping.
  • (transitive, legal, banking) To collect and hold (funds) for payment of property taxes and insurance on property in which one has a security interest.

    • Noun

    (en noun)
  • A place in which things are impounded.
  • *
  • A state of being impounded.
  • *
  • That which has been impounded.
  • *
  • (legal, banking) Amounts collected from a debtor and held by one with a security interest in property for payment of property taxes and insurance.

    • See also

    * escrow

    repossessed

    English

    Verb

    (head)
  • (repossess)

    • repossess

    English

    Verb

    (es)
  • (legal) To reclaim ownership of property for which payment remains due.
  • (dated, reflexive) To gain back possession of.
    • to repossess oneself of something lost

    Anagrams

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