Understanding the meaning of offsetting balance - BoostVocab

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offsetting balance

Synonyms of offsetting balance Antonyms of offsetting balance Examples of offsetting balance Usage of offsetting balance Parts of offsetting balance Definition that contains offsetting balance Words sounding like offsetting balance Explanation of offsetting balance

noun
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
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Similar:

compensating balance

type of:
balance

Explanation of offsetting balance

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