| English Dictionary |
RIGHT OF OFFSET
| Pronunciation (US): |  | (GB): | |
| IPA (US): |  |
Dictionary entry overview: What does right of offset mean?
• RIGHT OF OFFSET (noun)
The noun RIGHT OF OFFSET has 1 sense:
1. (banking) the legal right of a bank to seize deposited funds to cover a loan that is in default
Familiarity information: RIGHT OF OFFSET used as a noun is very rare.
Dictionary entry details
Sense 1
Meaning:
(banking) the legal right of a bank to seize deposited funds to cover a loan that is in default
Classified under:
Nouns denoting attributes of people and objects
Hypernyms ("right of offset" is a kind of...):
legal right (a right based in law)
Domain category:
banking (engaging in the business of keeping money for savings and checking accounts or for exchange or for issuing loans and credit etc.)
jurisprudence; law (the collection of rules imposed by authority)
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