Crossword Genius

Time when all assets were frozen? (3,3)

Ross

I believe the answer is:

ice age

I'm a little stuck... Click here to teach me more about this clue!

'time when all assets were frozen?' is the definition.
I can't tell whether this definition defines the answer.

'time when all assets were frozen?' is the wordplay.
I cannot quite understand how this works, but
'time' could be 'age' (an age is a period of time) and 'age' is located in the answer.
'frozen?' could be 'ice' (I've seen this in other clues) and 'ice' is found within the answer.
This accounts for all the letters.
This explanation may well be incorrect...

Can you help me to learn more?

(Other definitions for ice age that I've seen before include "Glacial period" , "time long ago" , "Period of glaciation" , "Cold period for Earth" , "Glacial era" .)

I've seen this clue in The Globe and Mail.
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