administrative freeze

administrative freeze. Bankruptcy. The refusal by a debtor’s bank to permit withdrawals from the debtor’s bank account after the bank learns that the debtor has filed bankruptcy, usu. because the debtor owes money to the bank in addition to maintaining funds on deposit. [Cases: Bankruptcy 2678. C.J.S. Bankruptcy § 164.]

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词条贡献者

双语律师Jason，国内知名法学院民商法专业，擅长翻译有关体育博彩领域的法律文件。