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.
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account hold is in the Accounting & Auditing, Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.
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