lockedfunds
nounUK /lɒkt fʌndz/
US /lɑːkt fʌndz/
Money that you cannot use for a while because it is kept safe in a special place.
The bank told us our locked funds will be available next month.
RELATED WORDS
OTHER MEANINGS
2. Money set aside in a savings plan that can only be taken out after a certain time.
Her locked funds grew a little each year until she turned eighteen.
3. Money held by a company or government that is not allowed to be spent yet.
The city kept locked funds for the new park project.
4. Digital money in a crypto wallet that cannot be moved until a set date.
He checked his wallet and saw the locked funds would unlock in June.