英语词汇“letter of setoff”的翻译、意思、用法、释义-英汉经管词典

单词	letter of setoff
释义	letter of setoff Definition Written agreement through which a bank obtains a borrower's consent to seize his or her deposit(s) for non-payment of a loan or other obligations, or to offset credit balance of one account with the debit balance of another. Banks require this letter where they believe their normal right to setoff, provided under law, may be challenged. Also called lien letter.
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