meaning of account hold

account hold meaning in Law Dictionary

constraint a bank puts on a merchant account to regulate usage of resources. It takes place when the balance is collateral or as soon as the courtroom and tax authorities spot a lien. Make reference to always check hold.

account hold meaning in Business Dictionary

limitation put by a bank (or by some other skilled authority) on a free account owner's capacity to access his or her resources. This might happen once the stability within the account is pledged as a collateral, or when tax authorities or a court order places a lien about it. See additionally always check hold.