Frozen account

frozen account investment & finance definition
A bank or brokerage account that has been frozen, meaning no funds can be withdrawn. Accounts are frozen by a court or regulatory authorities for an alleged violation of a rule or law.

Frozen Account
An account that had failed to make timely payments in the past, thereby requires all purchases to be paid for in cash in advance for a period of 90 days.

Frozen Account - An account in which all purchases must be paid for in cash in advance for a period of 90 days because of failure to make timely or proper payment in the past.

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.

Frozen account: An account that is not readily usable. The customer must have the money already on deposit to enter a buy order, or the security already on deposit to enter a sell order.

The family cannot access a frozen account containing millions of dollars, but the money can be deposited into foreign bank accounts. The family must find foreigners willing to receive a portion of this money for safekeeping.

frozen account A bank account whose funds may not be withdrawn until a lien is satisfied or an ownership dispute is resolved. frozen plan A retirement plan to which no new contributions are being made. Previous contributions...

See also: Investment, Right, Share, Federal Reserve, Security