Simple English definitions for legal terms
Read a random definition: Unsecured debt
Term: IMMOBILIZE
Definition: Immobilize means to make something unable to move. This can include turning things that can move into things that cannot move, or turning money that can be spent into things that cannot be spent.
Immobilize, verb. To make something unable to move or be moved; especially, to turn movable property into immovable property or to turn circulating capital into fixed capital.
The first two examples illustrate the literal meaning of immobilize, which is to physically prevent something from moving. The third example shows how the term can also be used in a financial context, where assets are turned into fixed capital, meaning they cannot be easily sold or converted back into cash.