Definition, Meaning & Synonyms

frozen assets

noun
/ˈfroʊ.zən ˈæs.ɛts/
Definition
Assets that cannot be accessed or liquidated due to legal or financial restrictions.
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.
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.
Synonyms
  • Blocked assets
  • Static assets
  • Inaccessible assets