RhymeZone

 

Hey you! Yes, you! Thank you for adding beauty to the world!

Definitions of 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
    Example: "The compensating balance increases the effective interest rate to the bank since the net amount loaned is reduced but the interest paid is unchanged"

Related words...


 
Help  Feedback  Privacy  Terms of Use

Copyright © 2023