Learning Center

Dictionary

Type a word in English or Spanish. English is blue, Spanish is rose. Tap any line to hear it.

offsetting balance

English

  1. 🔊 a minimum credit balance that a bank may require a borrower to keep on deposit as a condition for granting a loan
    “the compensating balance increases the effective interest rate to the bank since the net amount loaned is reduced but the interest paid is unchanged”

Similar words

compensating balance