Question:What is meant by the term "Impound"? 

A Customary costs above and beyond the sale price of a property that must be paid to cover the transfer of ownership at closing 
B The portion of a borrower's monthly payments held by the lender or service provider to pay for taxes, hazard insurance, mortgage insurance, lease payments, and other items as they become due 
C The time frame of a mortgage 
D The implied interest rate 

+ Answer
C 

+ Explanation
Answer not sure

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Md. Habib Ullah

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