Funds Hold
Definitions
- (n.) A temporary restriction or hold placed on funds to prevent withdrawal or transfer until certain conditions are met.
The bank applied a funds hold after detecting suspicious activity on the account.
Forms
- funds hold
Related terms
See also
Commentary
Often used in banking and finance contexts to manage risk or compliance before releasing money.
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.