COMPENSATING BALANCE


Meaning of COMPENSATING BALANCE in English

1. Also, compensated balance, compensation balance . a balance wheel in a timepiece, designed to compensate for variations in tension in the hair spring caused by changes in temperature.

2. Banking. a deposit balance that is required to be left on deposit by a company to maintain or guarantee credit.

[ 1795-1805 ]

Random House Webster's Unabridged English dictionary.      Полный английский словарь Вебстер - Random House .