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National Debt Glossary: Understanding a Government Impoundment Skip to content

Check out the 10th anniversary edition of ’99 Great Ways to Save,’ AARP’s annual guide to saving money.

 
National Debt Glossary

Impoundment

An action or inaction by the President or a federal agency that delays or withholds the obligation or expenditure of budget authority provided by law.

SOURCE: Congressional Research Service

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