Simple English definitions for legal terms
Read a random definition: common-stock fund
A frozen asset is something that someone owns and has value, but they can't use or sell it right away because of a court order or other legal process. It's like having money in a piggy bank that you can't open until someone says it's okay.
Definition: A frozen asset is an item that has value but is difficult to convert into cash due to a court order or legal process.
These examples illustrate how a frozen asset can be a valuable item that is temporarily inaccessible due to legal restrictions. This can be a problem for individuals or businesses that need to access their assets to pay bills or debts.