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• Financial institution's legal right to seize funds a guarantor or debtor may have on deposit to cover a loan in default. It is also known as the right of set-off.

  National Credit Union Administration - Cite This Source - This Definition
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  Cite Definition for Right of offset

  American Psychological Association (APA)

  Right of offset. (n.d.). Pocket Cents Glossary. Retrieved January 28, 2023, from website: http://www.expertglossary.com/definition/right-of-offset.

  Chicago Manual of Style (CMS)

  Right of offset. www.mycreditunion.gov. Pocket Cents Glossary. National Credit Union Administration. http://www.expertglossary.com/definition/right-of-offset (accessed: January 28, 2023).

  Modern Language Association (MLA)

  "Right of offset." Pocket Cents Glossary. National Credit Union Administration. 28 January. 2023 http://www.expertglossary.com/definition/right-of-offset.

• Browse Related Terms: Automated Clearing House (ACH), Automated Teller Machine (ATM), Error Resolution, Frozen Account, Garnishment/Garnish, General account, Joint Account, Margin account, Minimum Amount to Open, Point of Sale (POS), Right of offset, statement

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