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Home > QFINANCE Dictionary > Definition of blocked account

Definition of

blocked account

Banking

frozen bank account a bank account from which funds cannot be withdrawn for any of a number of reasons, for example, bankruptcy proceedings, liquidation of a company, or government order when freezing foreign assets

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Definitions of ’blocked account’ and meaning of ’blocked account’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’blocked account’ and other financial terms with our online QFINANCE Financial Dictionary.

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