The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

ACCOUNT HOLD Definition & Legal Meaning

Definition & Citations:

A restriction a bank puts on an account to control access to funds. It occurs when the account balance is collateral or when the court and tax authorities place a lien. Refer to check hold.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.