Right of offset
volume
British pronunciation/ɹˈaɪt ɒv ˈɒfsɛt/
American pronunciation/ɹˈaɪt ʌv ˈɔfsɛt/

Definition & Meaning of "right of offset"

Right of offset
01

(banking) the legal right of a bank to seize deposited funds to cover a loan that is in default

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