Sentences with RIGHT-OF-OFFSET
Check out our example sentences below to help you understand the context.Sentences
1
"The bank has the right of offset to use the funds in your checking account to pay off your outstanding loan."
2
"According to the terms of the contract, the lender has the right of offset if the borrower defaults on payment."
3
"The right of offset allows the credit card company to deduct outstanding balances from a linked savings account."
4
"The financial institution exercised its right of offset and transferred funds from the customer's account to cover an overdraft."
5
"In case of bankruptcy, the bank may have the right of offset to recover its losses by seizing the debtor's assets."
6
"The mortgage agreement includes a clause granting the bank the right of offset to collect outstanding payments."
7
"If the borrower fails to make timely payments, the lender may have the right of offset to retrieve the owed amount."
8
"In some jurisdictions, the right of offset allows a landlord to deduct unpaid rent from a tenant's security deposit."
9
"The right of offset is a common feature in loan agreements where lenders want to minimize their risk."
10
"The customer was surprised to find the bank had exercised its right of offset to cover a missed credit card payment."
11
"The right of offset generally gives a financial institution the power to consolidate multiple accounts held by the same customer."
12
"The terms and conditions state that the bank has the right of offset in case of an account holder's default."
13
"When a company has the right of offset, it can settle outstanding debts by using funds owed to the debtor."
14
"If a customer defaults on a loan, the bank can use its right of offset and seize funds from the customer's other accounts."
15
"The right of offset allows a lender to apply the funds in a borrower's account towards the repayment of a debt."
16
"The bank informed the customer about its right of offset and its intention to use it to cover an unpaid loan."
17
"The bank's right of offset protects them from financial losses by allowing them to recover unpaid debts from the customer's funds."
18
"The right of offset can be invoked by a bank only in specific circumstances outlined in the account agreement."
19
"If the customer defaults on a credit card payment, the bank can exercise its right of offset by using funds from a linked account."
20
"The right of offset is a legal provision that enables lenders to recover owed amounts from a borrower's deposits."
1
"The right of offset allows a bank to use funds from a customer's account to cover unpaid debts."
2
"Under the right of offset, the lender can seize the borrower's assets to repay the outstanding loan."
3
"The right of offset may be exercised when one party fails to fulfill their financial obligations."
4
"In some jurisdictions, the right of offset is only applicable to certain types of accounts."
5
"By agreeing to the terms and conditions, the account holder grants the bank the right of offset."
6
"The right of offset can be a useful tool for creditors to recover their money without legal action."
7
"If you default on your mortgage, the bank may invoke the right of offset against your savings account."
8
"Before opening an account, it is important to understand the bank's right of offset policy."
9
"In bankruptcy cases, the right of offset may be subject to certain limitations or restrictions."
10
"The right of offset is a common provision in loan agreements to protect lenders from defaulters."
