Compensating balance

The amount of Money a bank requires a Customer to maintain in a non-interest bearing Account, in Exchange for which the bank provides otherwise free services.

Related Terms: 7 Account, Bear, Customer, Exchange, Interest, Money, Ring

Other Related Pages: Category: Banking Starting With: C

Additional Related Terms: 10-Q, 10-K, 1035 exchange, Account, Account statement, Allowance for depreciation, Account aggregation, Account balance, Active account, Agent bank