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Definition of Compensating balance
1. Noun. A minimum credit balance that a bank may require a borrower to keep on deposit as a condition for granting a loan; a common requirement for establishing a line of credit at a bank. "The compensating balance increases the effective interest rate to the bank since the net amount loaned is reduced but the interest paid is unchanged"
Lexicographical Neighbors of Compensating Balance
Literary usage of Compensating balance
Below you will find example usage of this term as found in modern and/or classical literature:
1. The Engineer's Sketch-book of Mechanical Movements, Devices, Appliances by Thomas Walter Barber (1897)
"Variable volute compensating balance for revolving shutters, blinds, ...
Variable compensating balance for hydraulic lift rams, to compensate for loss of ..."
2. Civil Engineer and Architect's Journal (1857)
"... railway cars cannot contain so many ingers as would be contained in a carriage
of equal length the framing to the springs the compensating balance lever ..."
3. Mechanics Magazine (1827)
"But let it be recollected, that the compensating balance, when it does act, is
more apt to derange than to regulate the time. The subscriber, in one ia- ..."
4. The Engineer's Sketch-book of Mechanical Movements, Devices, Appliances by Thomas Walter Barber (1897)
"Variable volute compensating balance for revolving shutters, blinds, ...
Variable compensating balance for hydraulic lift rams, to compensate for loss of ..."
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