Word | Noun | Adjective | Verb | Adverb |
---|---|---|---|---|
right of offset | Yes | No | No | No |
banking | Yes | No | No | No |
right of offset (noun) | banking (noun) |
---|---|
(banking) the legal right of a bank to seize deposited funds to cover a loan that is in default | transacting business with a bank; depositing or withdrawing funds or requesting a loan etc. |
engaging in the business of keeping money for savings and checking accounts or for exchange or for issuing loans and credit etc. |