Offset, right of (definition)
| Banks’ legal right to seize funds that a guarantor or debtor may have on deposit to cover a loan in default. It is also known as right of setoff. Source: OCC |
Offset, right of (definition)
| Banks’ legal right to seize funds that a guarantor or debtor may have on deposit to cover a loan in default. It is also known as right of setoff. Source: OCC |