ThatOneGuyNamedJim
ThatOneGuyNamedJim ThatOneGuyNamedJim
  • 06-04-2020
  • Social Studies
contestada

what is an asset? what does it mean to freeze assets and bank accounts.

Respuesta :

Elynr
Elynr Elynr
  • 06-04-2020

Answer:

property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.

Explanation:

An account freeze is an action taken by a bank or brokerage that prevents any transactions from occurring in the account. Typically, any open transactions will be canceled, and checks presented on a frozen account will not be honored. Account freezes can also be initiated by either an account holder or a third party.

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