👉 Impoundage is a legal concept in many countries that refers to the cost of transporting or storing property for an extended period, such as by truck or airplane. In most jurisdictions, the amount of impoundment is determined based on factors such as the value of the property being impounded, its size and location, and the transportation requirements of the property owner.
The term "impoundage" can be used in various contexts depending on the context: for example:
1.
Commercial Impound
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What is the definition of Impoundage? 🙋
