account hold

account hold definition - business

account hold

A warning attached to an account at a financial institution. A hold might limit an account holder's access to funds when the account is being used as collateral for a loan or when funds have not been collected from a recent deposit.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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