compensating balance
compensating balance
Finance dictionary of financial terms
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Economics and finance
Definition of compensating balance
compensating balance: A required checking account balance equal to a certain percentage of the amount borrowed from a bank under a line-of-credit or revolving credit agreement.
Source : http://foba.lakeheadu.ca/hartviksen/2039/Finance%20Dictionary.doc
link: http://foba.lakeheadu.ca/
Author : not indicated on the source document of the above text
Finance dictionary of financial terms
Finance dictionary of financial terms index
Definition and meaning of compensating balance
Meaning of compensating balance
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