Asset that cannot be sold or used as legal leverage due to a legal ruling. Owners of such assets are notified in writing of the situation and ruling. The asset remains unusable until the ruling is satisfied or reversed.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Asset that cannot be sold or used as legal leverage due to a legal ruling. Owners of such assets are notified in writing of the situation and ruling. The asset remains unusable until the ruling is satisfied or reversed.
Powered by Black’s Law Dictionary, Free 2nd ed., and The Law Dictionary.