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Right of offset
/raɪt
əv
ɔfsˈɛt/
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Right of offset
noun
1.
(banking) the legal right of a bank to seize deposited funds to cover a loan that is in default.
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Etymology of 'Right of offset'
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Words linked to "Right of offset" :
law
,
jurisprudence
,
banking
,
legal right
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