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English to Arabic translations [PRO] Bus/Financial - Finance (general)
English term or phrase:Offsetting
This is when the credit balances in a current and saving account are netted off against the account holders borrowings (typically a mortgage) so that the rate paid on the borrowing is reduced as a result of the credit held in other accounts, which reduces the amount that is being borrowed.
mona elshazly Egypt Local time: 23:08 Native speaker of: Arabic PRO pts in category: 154
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