Definition:
Right of Offset
Back to Finance Glossary | Previous Page
The right of offset refers to the legal authority of a lender that has extended a loan to a borrower to seize any checking or savings deposits the borrower may hold with the lender.The lender may exercise their right of offset in order to recover the lender's funds.
Latest Articles Related to Right of Offset
Back to Finance Glossary | Previous Page
This web site is intended only to convey information. It is not to be construed as an investment guide or as an offer or solicitation of an offer to buy or sell any securities. The author has taken all usual and reasonable precautions to determine that the information contained in this website has been obtained from sources believed to be reliable.
