Asset Freezing
/ˈæsɛt ˈfriːzɪŋ/
Definitions
- (n.) A court-ordered legal process that prohibits a party from accessing, transferring, or disposing of their assets pending litigation or investigation.
The judge granted an asset freezing order to prevent the defendant from dissipating funds before trial.
Forms
- asset freezing
Related terms
See also
Commentary
Asset freezing is a provisional remedy primarily aimed at preserving the status quo of assets to secure future enforcement of a judgment or investigation outcome.
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.