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compensating balance

n.
1.a minimum credit balance that a bank may require a borrower to keep on deposit as a condition for granting a loan

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    Idiom of the Day

    (not to be) sneezed at
    to be worth having, (not) to be considered unimportant (used in the negative)
    The new computer system is not to be sneezed at. "Do you think that the new offer is something to sneeze at?"



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