Definition, Meaning & Synonyms
frozen assets
noun
/ˈfroʊ.zən ˈæs.ɛts/
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Definition
Assets that cannot be accessed or liquidated due to legal or financial restrictions.
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Examples
- The court placed a lien on her bank account, resulting in frozen assets for the duration of the trial.
- After the company declared bankruptcy, all frozen assets were handled by the appointed trustee.
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Meaning
Frozen assets refer to property or funds that are temporarily unavailable for use, often due to a court order, a bankruptcy proceeding, or regulatory action.
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Synonyms
- Blocked assets
- Static assets
- Inaccessible assets