right of offset
Noun
-
(banking) the legal right of a bank to seize deposited funds to cover a loan that is in default (synset 105196664)
referred to in:
- banking - engaging in the business of keeping money for savings and checking accounts or for exchange or for issuing loans and credit etc.
- jurisprudence, law - the collection of rules imposed by authority
is a type of: legal right - a right based in law
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