Definition
A freeze is a period of time during which something is stopped or held at a fixed level. Think of it like pausing a movie ๐ฌ; everything stops in its tracks. It can refer to a price freeze, where prices are not allowed to increase, or a hiring freeze, where no new employees are hired. Freezes are often implemented to control costs or stabilize a situation. They can be temporary or long-term. They often create uncertainty and require careful planning.