Meaning of “frozen asset” in the English Dictionary

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"frozen asset" in Business English

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frozen assetnoun [ C ]

uk us

FINANCE, LAW an asset that cannot be sold because of a government or court order:

FINANCE an asset that does not produce income:

A house is a frozen asset because it does not yield cash income to the owner.

(Definition of “frozen asset” from the Cambridge Business English Dictionary © Cambridge University Press)