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Term of the Day
impound
impose
impound account
Definition
Portion of a
mortgage payment
set apart and saved to
cover
private mortgage insurance
,
pay
real estate
taxes
, and insure
property
against
hazards
.
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Popular 'Lending & Credit' Terms
equity
triple net lease
leverage
interest rate
amortization
security
accounts receivable
quick ratio
financial leverage
accounts payable
Mentioned in these terms
impound account
impounds
impounding
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