right of offset - definition of right of offset - synonyms, pronunciation, spelling from Free Dictionary

Search Result for "right of offset":

Wordnet 3.0

NOUN (1)

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


WordNet (r) 3.0 (2006):

right of offset
    n 1: (banking) the legal right of a bank to seize deposited
         funds to cover a loan that is in default