What is the meaning of right of offset?

noun

  • Banking) the legal right of a bank to seize deposited funds to cover a loan that is in default. (.
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). right of offset. Retrieved September 30, 2026, from http://smartdefine.org/right_of_offset/definitions/1211888
ChicagoWordNet. 2010. "right of offset" http://smartdefine.org/right_of_offset/definitions/1211888 (accessed September 30, 2026).
HarvardWordNet 2010, right of offset, Smart Define, viewed 30 September, 2026, <http://smartdefine.org/right_of_offset/definitions/1211888>.
MLAWordNet. "right of offset" 23 October 2010. Web. 30 September 2026. <http://smartdefine.org/right_of_offset/definitions/1211888>