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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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Word of the Day

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  • desperate measure
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    Idiom of the Day

    birds-eye view
    a view from high above, a brief look at something
    We had a birds-eye view of the playing field from our seats high up in the stadium.



    1.
    fatuous

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