RIGHT OF OFFSET

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

(banking) the legal right of a bank to seize deposited funds to cover a loan that is in default

Classified under:

Nouns denoting attributes of people and objects

Hypernyms ("right of offset" is a kind of...):

legal right (a right based in law)

Domain category:

banking (engaging in the business of keeping money for savings and checking accounts or for exchange or for issuing loans and credit etc.)

jurisprudence; law (the collection of rules imposed by authority)

Credits