right of offset Synonyms
No Synonyms and anytonyms found
right of offset Meaning
Wordnet
right of offset (n)
(banking) the legal right of a bank to seize deposited funds to cover a loan that is in default
right of offset Sentence Examples
- Right of offset, she balanced the checkbook to ensure her accounts were accurate.
- The bank has the right of offset to seize funds from a customer's account to satisfy a debt.
- To protect her savings, she deposited them in a different bank, right of offset.
- The company claimed the right of offset against its customer's outstanding invoice.
- Right of offset, the lender withheld the customer's deposit to cover unpaid loan balances.
- The court granted the creditor the right of offset to satisfy a judgment against the debtor.
- The landlord exercised the right of offset by applying the tenant's security deposit to unpaid rent.
- Right of offset, the government seized funds from the taxpayer's bank account to settle delinquent taxes.
- The insurer had the right of offset to recover benefits paid to the policyholder who later recovered compensation from a third party.
- To avoid the right of offset, individuals may consider separating their assets and liabilities across different financial institutions.
FAQs About the word right of offset
(banking) the legal right of a bank to seize deposited funds to cover a loan that is in default
No synonyms found.
No antonyms found.
Right of offset, she balanced the checkbook to ensure her accounts were accurate.
The bank has the right of offset to seize funds from a customer's account to satisfy a debt.
To protect her savings, she deposited them in a different bank, right of offset.
The company claimed the right of offset against its customer's outstanding invoice.
