Asset Freeze
/ˈæsɛt friːz/
Definitions
- (n.) A court order or legal measure that prohibits the transfer, disposal, or dealing with a party's assets to preserve them for pending litigation or enforcement of judgment.
The court issued an asset freeze to prevent the defendant from dissipating funds until the trial concluded.
Forms
- asset freezes
Related terms
See also
Commentary
Often used synonymously with 'freezing order' in common law jurisdictions; clarity is essential as terminology and scope may vary by jurisdiction.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.