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. Synonym: offsetting balance.
|
|
|
"Compensating balance" Quotes from Famous Books — Line and Form (1900) • Walter Crane |
Words linked to "Compensating balance" : balance, offsetting balance |
Copyright © 2024 e-Free Translation.com |