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

资深译员Jeffrey，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与建设工程诉讼有关的法律文件。