HyperDic: offsetting_balance

English > 1 sense of the expression offsetting balance:
NOUNpossessionoffsetting balance, compensating balancea minimum credit balance that a bank may require a borrower to keep on deposit as a condition for granting a loan
English > offsetting balance: 1 sense > noun 1, possession
MeaningA 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.
Synonymcompensating balance
BroaderbalanceThe difference between the totals / totals of the credit and debit sides of an account

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