Defenition of the word offsetting balance

• Defenition of the word offsetting balance

  • a minimum credit balance that a bank may require a borrower to keep on deposit as a condition for granting a loan; a common requirement for establishing a line of credit at a bank; "the compensating balance increases the effective interest rate to the ban
  • a minimum credit balance that a bank may require a borrower to keep on deposit as a condition for granting a loan; a common requirement for establishing a line of credit at a bank

Hypernyms for the word offsetting balance

• • balance

See other words

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