English dictionary
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English noun: offsetting balance | |||
| 1. | offsetting balance (possession) 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 | ||
| Samples | The compensating balance increases the effective interest rate to the bank since the net amount loaned is reduced but the interest paid is unchanged. | ||
| Synonyms | compensating balance | ||
| Broader (hypernym) | balance | ||
Based on WordNet 3.0 copyright © Princeton University.
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Web design: Orcapia v/Per Bang. English edition: .
2024 onlineordbog.dk