Word Pronunciation & Dictionary

offsetting balance

Word Rarity Rare

Frequency: Zipf frequency 2.86 in modern English

Syllables: off-set-ting bal-ance
IPA

28

Scrabble Score

17

Letters

4

Syllables

12

Unique Chars

Meaning

n

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

Example Sentences

"the compensating balance increases the effective interest rate to the bank since the net amount loaned is reduced but the interest paid is unchanged"

Synonyms

compensating balance

Questions

What does offsetting balance mean?: 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

How to pronounce offsetting balance

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