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Definitions and Synonyms of right of offset | Another word for right of offset | What is right of offset?

Definition 1: (banking) the legal right of a bank to seize deposited funds to cover a loan that is in default - [noun denoting attribute]

(right of offset is a kind of ...) a right based in law

(right of offset belongs to category ...) engaging in the business of keeping money for savings and checking accounts or for exchange or for issuing loans and credit etc.

(right of offset belongs to category ...) the collection of rules imposed by authority

"civilization presupposes respect for the law" "the great problem for jurisprudence to allow freedom while enforcing order"

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