offsetting balance Antonyms
No Synonyms and anytonyms found
Meaning of offsetting balance
Wordnet
offsetting 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
offsetting balance Sentence Examples
- Offsetting balance is a crucial component of maintaining financial stability.
- The bank requires an offsetting balance to reduce the risk associated with loans.
- The current offsetting balance on my account ensures that my loan payments are automatically deducted.
- By increasing the offsetting balance, I can reduce interest charges on my loan.
- The offsetting balance serves as a buffer against unexpected financial emergencies.
- The bank offers a competitive interest rate on offsetting balances, making it an attractive option for savings.
- Offsetting balance helps individuals minimize the overall cost of borrowing.
- A high offsetting balance can qualify borrowers for lower loan interest rates.
- The offsetting balance is linked to my primary checking account, providing convenience and ease of management.
- By utilizing offsetting balance, I can effectively manage my finances and achieve financial goals.
FAQs About the word offsetting 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.
Offsetting balance is a crucial component of maintaining financial stability.
The bank requires an offsetting balance to reduce the risk associated with loans.
The current offsetting balance on my account ensures that my loan payments are automatically deducted.
By increasing the offsetting balance, I can reduce interest charges on my loan.
