Definitions from WordNet (compensating balance)
▸ 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 ("The compensating balance increases the effective interest rate to the bank since the net amount loaned is reduced but the interest paid is unchanged")
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▸ 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 ("The compensating balance increases the effective interest rate to the bank since the net amount loaned is reduced but the interest paid is unchanged")
Opposite:
Types:
minimum balance,
average balance,
ledger balance,
statement balance,
clearing balance,
available balance,
current balance,
more...
▸ Words similar to compensating balance
▸ Usage examples for compensating balance
▸ Idioms related to compensating balance
▸ Wikipedia articles (New!)
▸ Words that often appear near compensating balance
▸ Rhymes of compensating balance
▸ Invented words related to compensating balance