Simple English definitions for legal terms
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Definition: A bank account or financial account that has been restricted from access by the government or an authorized person.
Examples: An account may be frozen for various reasons, such as during a legal investigation or when hostilities erupt between two countries and each blocks access to the other's accounts.
Explanation: A frozen account is an account that has been blocked or restricted from access by the government or an authorized person. This may happen during a legal investigation or when there is a dispute between parties. For example, if two countries are in a conflict, they may block access to each other's accounts. This prevents any financial transactions from taking place between the two countries. The examples illustrate how a frozen account can be used as a tool to restrict access to funds for various reasons.