blocked account

An account at a bank or other financial institution, access to which has been restricted either by the government or by an authorized person.

• An account may be blocked for a variety of reasons, as when hostilities erupt between two countries and each blocks access to the other’s accounts.

— Also termed frozen account. [Cases: Banks and Banking 128, 151. C.J.S. Banks and Banking §§ 266–268, 270, 277–278, 280–282, 327.]

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词条贡献者

译者Mathew，国际知名法学院国际仲裁与争端解决专业，擅长翻译各种与美国国内仲裁相关的法律文件。