frozen asset Meaning in the Cambridge English Dictionary

Meaning of “frozen asset” in the English Dictionary

"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 ​courtorder: He is ​suspected of ​moneylaundering, and has ​asked the ​court to ​allow the ​release of ​frozenassets for ​fundinglegaladvice to ​challenge the ​order.
FINANCE an ​asset that does not ​produceincome: A ​house is a ​frozenasset because it does not ​yieldcashincome to the ​owner.
(Definition of frozen asset from the Cambridge Business English Dictionary © Cambridge University Press)
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“frozen asset” in Business English

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