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Simple English definitions for legal terms

frozen asset

Read a random definition: Note

A quick definition of frozen asset:

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.

A more thorough explanation:

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.

A bank account that has been frozen by a court order.
A property that has a lien on it, making it difficult to sell.
A business that has been seized by the government, making it impossible to access its assets.

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.

frozen account | frozen deposit

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

cumsock

13:00

careful! i graduated from reddit university

sadpadresfan

13:00

@texaslawhopefully: another day another missed wave??

lilypadfrog

13:01

what if I started using redditisms

lilypadfrog

13:01

thank you kind stranger for the gold

Trismegistus

13:01

do all my hopes and dreams and sanity rest on chicago now

texaslawhopefully

13:01

@sadpadresfan: prolly. My only hope is my last name is towards the end of the alphabet

lilypadfrog

13:01

i hope u guys would put me down like a dog that bit a baby

Trismegistus

13:02

@texaslawhopefully: i saw 3/4 down alphabet then 30- mins later 1/2 down alphabet

texaslawhopefully

13:02

so they're still calling?

Trismegistus

13:03

that i dont know

KeenHeartbreakingRattlesnake

13:03

the Penn e wave is about to cook me

atwatodbit

13:03

@sadpadresfan: did you get your Cornell scholly with your A at the same time? I think they gave me nothing...

lilypadfrog

13:04

tex also got cornell scholly ask him

texaslawhopefully

13:04

there's a form you fill out

texaslawhopefully

13:04

and they'll get back to you within a few days

texaslawhopefully

13:04

https://support.law.cornell.edu/FinancialAid/ScholarshipForm/

sadpadresfan

13:04

@atwatodbit: they emailed me a day after submitting the form

atwatodbit

13:05

ah ok, i've seen that, just need to get parental info then. just making sure

sadpadresfan

13:05

Feeling fortunate and its my top choice as of now haha

lilypadfrog

13:06

what if you fill this out and you haven’t been admitted? just a next level move? they probably have to let you in then

PerpetualCheerfulBeaver

13:06

I applied to all my places in late september and am still waiting to hear back. ive missed all three types of waves (WL,R,A) am i screwed??

texaslawhopefully

13:07

Your guess is as good as mine. I'm in the same boat for most schools

Trismegistus

13:07

begging chicago for an A

atwatodbit

13:08

the vast majority of the t14 has not hit 50% of their As, many have not even hit 25%. zero reason for panic

PerpetualCheerfulBeaver

13:08

Thank you texas!

choosingpeace

13:08

missing CLS and Penn waves im so screwed

choosingpeace

13:08

i applied early too i hate everything im crashing out im crashing OUT

PerpetualCheerfulBeaver

13:08

I literally have no experience in this type of stuff, but if i get waitlisted, should i send an email about continued interest?

lilypadfrog

13:09

im so nonchalant

lilypadfrog

13:09

i will probably hear something back eventually

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