Canadian English Meaning of compensating balance

Compensating balance

Other Canadian English words related to Compensating balance

No Synonyms and anytonyms found

Definitions and Meaning of compensating balance in English

Wordnet

compensating balance (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

FAQs About the word compensating balance

Compensating balance

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

No synonyms found.

No antonyms found.

compensated => compensated, compensate => Compensate, compensable => compensable, compendium => compendium, compendious => comprehensive,