Definition, Meaning & Synonyms
freeze-assets
verb
/friːz ˈæsɛts/
Definition
To legally restrict or immobilize financial assets from being transferred or used.
Examples
- The court decided to freeze-assets of the company until the investigation was completed.
- After the fraud allegations, the government moved to freeze-assets linked to the suspects.
- Investors were worried that the sanctions would lead to a freeze-assets situation for their accounts.
Meaning
The act of preventing the use or transfer of funds or property, often by legal means, typically in response to legal actions or investigations.
Synonyms
- Immobilize funds
- Restrict assets
- Block transactions
