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LSDefine

Simple English definitions for legal terms

freeze

Read a random definition: legally liable

A quick definition of freeze:

Freeze can mean different things depending on the context. It can refer to a time when the government stops certain activities like lending money or increasing prices. It can also mean a way to organize a company's ownership so that the owner can pass it on to their family without paying taxes. When we say we freeze something, it means we make it stay still and not move. This can happen when the police tell someone to stop moving or when the government stops someone from using their money or assets.

A more thorough explanation:

A freeze is a period when the government restricts or immobilizes certain commercial activity. This can happen in different ways:

  1. A credit freeze is when the government restricts bank-lending.
  2. A wage-and-price freeze is when the government forbids the increase of wages and prices.
  3. A recapitalization freeze is when the value of a closed corporation's existing capital is concentrated primarily in preferred stock rather than in common stock.

Freeze can also be a verb that means:

  1. To cause something to become fixed and unable to increase, such as interest rates or prices.
  2. To make something immobile by government mandate or banking action, such as assets.
  3. To cease physical movement, especially when ordered by a law enforcement officer.

Example 1: During the financial crisis of 2008, the government implemented a credit freeze to prevent banks from lending too much money and causing further economic damage.

Example 2: In the 1970s, the government implemented a wage-and-price freeze to combat inflation. This meant that companies could not raise prices or wages for a certain period of time.

Example 3: A business owner may use a recapitalization freeze to transfer common stock to heirs without taxation while continuing to enjoy preferred-stock income during their lifetime.

Example 4: When a police officer shouts at a suspect to freeze, they are ordering them to stop moving and stay still.

These examples illustrate how a freeze can be used in different contexts, such as in economics or law enforcement. In each case, a freeze is used to restrict or immobilize certain activity for a specific period of time.

free warren | freezee

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General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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