What is the definition of Frozen asset? | Dictionary.net

FROZEN ASSET

\fɹˈə͡ʊzən ˈasɛt], \fɹˈə‍ʊzən ˈasɛt], \f_ɹ_ˈəʊ_z_ə_n ˈa_s_ɛ_t]\

Definitions of FROZEN ASSET

1910 - Black's Law Dictionary (2nd edition)

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Asset that cannot be sold or used as legal leverage due to a legal ruling. Owners of such assets are notified in writing of the situation and ruling. The asset remains unusable until the ruling is satisfied or reversed.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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