SKIP TO CONTENT

offsetting balance

Definitions of offsetting balance
  1. 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
    see moresee less
    type of:
    balance
    the difference between the totals of the credit and debit sides of an account
Cite this entry
Style:
MLA
  • MLA
  • APA
  • Chicago

Copy citation
DISCLAIMER: These example sentences appear in various news sources and books to reflect the usage of the word ‘offsetting balance'. Views expressed in the examples do not represent the opinion of Vocabulary.com or its editors. Send us feedback
Word Family