verb
(transitive) To shut up or place in an enclosure called a pound.
(transitive) To hold back.
(transitive, law) To hold in the custody of a court or its delegate.
(transitive, law, banking) To collect and hold (funds) for payment of property taxes and insurance on property in which one has a security interest.
noun
A place in which impounded things are stored.
(uncountable) The state of being impounded.
That which has been impounded.
(law, banking) Amounts collected from a debtor and held by one with a security interest in property for payment of property taxes and insurance.