What does offsetting balance mean?
Definitions for offsetting balance
off·set·ting bal·ance
This dictionary definitions page includes all the possible meanings, example usage and translations of the word offsetting balance.
Princeton's WordNet
compensating balance, offsetting balancenoun
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
"the compensating balance increases the effective interest rate to the bank since the net amount loaned is reduced but the interest paid is unchanged"
ChatGPT
offsetting balance
Offsetting balance refers to the minimum balance a client must maintain in a deposit account to qualify for special services such as lower loan rates, waived services fees etc. The deposited funds typically do not earn interest. Offsetting balance helps banks to increase the liquidity as percentage of the loan they've extended is returned as deposits.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of offsetting balance in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of offsetting balance in Pythagorean Numerology is: 6
Translations for offsetting balance
From our Multilingual Translation Dictionary
- αντισταθμιστικό υπόλοιποGreek
- equilibrio di compensazioneItalian
- equilíbrio compensatórioPortuguese
- компенсирующей балансRussian
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"offsetting balance." Definitions.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.definitions.net/definition/offsetting+balance>.
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