Definitions
- Referring to the act of seizing and holding something, usually by legal authority. - Talking about the confiscation of an animal by animal control or law enforcement. - Describing the temporary holding of a vehicle by law enforcement or a towing company.
- Referring to the act of taking back property or goods due to non-payment or breach of contract. - Talking about the legal process of reclaiming a vehicle or property from a borrower who has defaulted on payments. - Describing the action of a lender taking possession of a vehicle or property after a borrower fails to make payments.
List of Similarities
- 1Both involve taking possession of something.
- 2Both can be done legally.
- 3Both can involve the use of force or legal action.
- 4Both can result in the loss of property for the original owner.
- 5Both can be used in reference to vehicles or property.
What is the difference?
- 1Ownership: Impound involves taking possession of something that is not owned by the impounder, while repossess involves taking back something that is owned by the repossessor.
- 2Reason: Impound is usually done for reasons other than non-payment or breach of contract, while repossess is specifically done for those reasons.
- 3Legal process: Repossess usually involves a legal process, while impound may or may not involve a legal process.
- 4Duration: Impound is usually temporary, while repossess is often permanent.
- 5Connotation: Impound is often associated with animals or vehicles, while repossess is more commonly associated with property or goods.
Remember this!
Impound and repossess are both verbs that refer to taking possession of something. However, the difference between them lies in the ownership of the item and the reason for taking possession. Impound is usually done by legal authority and involves taking temporary possession of something that is not owned by the impounder, such as an animal or vehicle. Repossess, on the other hand, involves taking back something that is owned by the repossessor due to non-payment or breach of contract, often through a legal process.
