Yes, bounds is a Scrabble word!

Verb

1. Move forward by leaps and bounds

2. Form the boundary of; be contiguous to

3. Place limits on (extent or access)

4. Spring back; spring away from an impact

Noun

1. The line or plane indicating the limit or extent of something

2. A line determining the limits of an area

3. The line or plane indicating the limit or extent of something

4. The greatest possible degree of something

5. A light, self-propelled movement upwards or forwards