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Right of Offset

nounid 121318·updated May 18, 2026
verified

(banking) the legal right of a bank to seize deposited funds to cover a loan that is in default

MWE

Classifications

Entity Type

Unknownauthoritativeglossary_import_default_pending_classifier

Sensitivity

unclassified

Information Class

unclassified

Variants

plural
Right of Offsets
possessive
Right of Offset's
pluralpossessive
Right of Offsets'

Framework definitions

Wordset Dictionary1 senseview framework →
§1
(banking) the legal right of a bank to seize deposited funds to cover a loan that is in default

Outgoing relationships

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Incoming relationships

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