account hold
Definition
Restriction placed by a bank (or by some other competent authority) on an account holder's ability to access his or her funds. This may happen when the balance in the account is pledged as a collateral, or when tax authorities or a court order places a lien on it. See also check hold.
email to a friend
print this definition
cite this definition
link to this page
account hold is in the Accounting & Auditing, Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.
This content can be found on the following page:
http://www.businessdictionary.com/definition/account-hold.html







