right of offset

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Noun

right of offset - (banking) the legal right of a bank to seize deposited funds to cover a loan that is in default

banking - engaging in the business of keeping money for savings and checking accounts or for exchange or for issuing loans and credit etc.

legal right - a right based in law

law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"

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banking legal right			A bank wouldn't exercise the right of offset out of the blue, said Robin Burk at US Bank. End of a credit line by The Register-Guard (Eugene, OR) Starting in 2002, the customers filed lawsuits, including petitions to exercise their common law right of offset by deducting damages from the first contract barges against deferred amounts owed for the second contract barges. Tax Court addresses claim of offset against deferred payments by Hanway, Kurt R.; Vance, Scott W. / The Tax Adviser Most businesses assume they can apply the right of offset to net a receivable and payable. Restrictions on the right of offset by Schnee, Edward J. / Journal of Accountancy			Right Center right circular cone Right cone right coronary artery Right descension right face right field right fielder right gastric artery right gastric vein right hand right hander right hemisphere Right honorable Right Honourable Right line right of action right of asylum Right of drain Right of drip right of election Right of eminent domain right of entry right of first publication Right of nullification right of offset right of privacy right of re-entry right of search Right of support Right of the tabouret Right of visit right of way right off right on Right pyramid Right Reverend Right sailing Right shoulder arms right smart Right sphere right stage right stuff right to an attorney right to confront accusors right to due process right to liberty right to life right to privacy right to speedy and public trial by jury right to the pursuit of happiness			Right of establishment Right of establishment Right of First Negotiation Right of first offer Right of first offer right of first offer; right of first opportunity right of first publication Right of first refusal Right of first refusal Right of Foreclosure Right of Frame Right of free association Right of free association Right of free expression Right of free expression Right of free expression right of future enjoyment right of future possession Right of habitation Right of initiative Right of initiative Right of initiative Right of Landing Fee Right of Last Refusal right of literary property Right of nations to self-determination Right of nations to self-determination Right of nations to self-determination Right of nullification Right of Occupancy right of offset Right of Operational Management Right of ownership Right of ownership Right of ownership Right of ownership Right of passage Right of passage Right of passage Right of passage Right of passage Right of Permanent Residence Fee Right of possession right of primogeniture right of primogeniture right of primogeniture right of privacy right of privacy right of privacy right of privacy right of prospect right of put and call Right of quiet enjoyment Right of quiet enjoyment Right of quiet enjoyment Right of quiet enjoyment right of re-entry right of recovery Right of redemption Right of Reentry Right of relief

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