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frozen account |
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Frozen account A disciplinary action taken by the Federal Reserve Board for some violation of Regulation T, an individual investor cannot sell securities until they are paid for in full and certificates delivered.
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Banking restrictions were eased to allow Argentines to withdraw money from frozen accounts, and bonds with bank guarantees maturing in 2013 were issued to account holders who chose to keep their funds in the bank. Congress allocated only $1 billion for new aircraft, estimated at $895 million a copy, and that funding was placed in a frozen account. |
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