In Banking - Cds - Asked by Admin - 8 months ago
A deposit account that is seized through legal action or court order. Funds cannot be removed from a sequestered account without the approval of the seizing party. Sequestered accounts are usually segregated from other accounts at an institution and are kept in a separate file.
Answered by Admin - 8 months ago
Tags: sequestered account, seized account, what is a sequestered account?
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