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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

    wait-and-see attitude
    an uncertain attitude where you wait and see what will happen
    We decided to take a wait-and-see attitude regarding what our new boss was going to do.



    1.
    The main problem is that a debt ________ has developed recently believing that it is cool to owe large sums of money.

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