TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

COMPENSATION CASH BALANCE [1 record]

Record 1 1998-07-31

English

Subject field(s)
  • Banking
DEF

Under a lending arrangement, an interest-free amount of cash that the borrower must keep on deposit with the lender as support for the loan.

Key term(s)
  • compensation cash balance

French

Domaine(s)
  • Banque
DEF

Somme qu'une entité qui a contracté un emprunt bancaire doit conserver dans son compte en banque.

OBS

Vu qu'il ne porte pas intérêt, ce solde, qui est égal à un certain pourcentage de la somme empruntée, a pour effet d'accroître le taux réel d'intérêt de la somme empruntée.

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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