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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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  • Idiom of the Day

    stick to one's ribs
    to last a long time and give one strength (used for food)
    The food at the restaurant is wonderful and it sticks to our ribs.



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    Unit
    Unit : year short (ye)
    Formula : 365*day
    in si : 31536000
    si unit : sec
    in cgs : 31536000
    cgs unit : sec
    Category : time_interval.      .. More >>
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