locked-up funds
noun phraseUK /ˌlɒkt ʌp ˈfʌndz/
US /ˌlɑːkt ʌp ˈfʌndz/
Money that you cannot use right now because it is kept in a safe place.
The money in his savings account is locked-up funds until he turns eighteen.
RELATED WORDS
OTHER MEANINGS
2. Money set aside for a special purpose and not to be spent freely.
The charity's locked-up funds are reserved for building a new school.
3. Money invested in something that is hard to sell quickly.
Most of their locked-up funds are in long-term bonds.
4. Money held by a bank or company that cannot be withdrawn for a period.
The bank explained that the locked-up funds would be released next month.