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Frozen Asset

   Also found in: Wikipedia 0.01 sec.
Frozen Asset
An asset that the owner may not sell or use because of a debt that has not been paid. A frozen asset is often, but not always, the pledged collateral on the debt. The asset remains frozen until the debt is settled or the creditor is otherwise satisfied. Generally speaking, the asset's owner is notified in writing that his/her asset has been frozen, but this is not always the case.

frozen asset
An asset that may not be liquidated.


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e the NWFP government now has realized this fact and restored the frozen assets of local government before the Supreme Court verdict.
e the NWFP government now has realized this fact and restored the frozen assets of local government before the Supreme Court verdict.
Administrators of collapsed US investment bank Lehman Brothers on Monday unveiled plans aimed at returning billions of dollars of frozen assets to creditors without the need of court approval.
 
 
 
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