NOUN | possession | offsetting balance, compensating balance | a minimum credit balance that a bank may require a borrower to keep on deposit as a condition for granting a loan |
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Meaning | 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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Synonym | compensating balance | |
Broader | balance | The difference between the totals / totals of the credit and debit sides of an account |
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