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offset account

An account that reduces the gross amount of another account to obtain a net balance.

Related information about offset account:
  1. Offset Account: Definition from Answers.com
    One that reduces the gross amount of another account to derive a net balance. Accumulated depreciation, which is a contra account to fixed assets to obtain.
     
  2. Home Loan Offset Account for your Mortgage from eChoice
    A mortgage offset account is simply a savings account linked to your loan account and it can help to reduce the loan principal. eChoice can find you the best ...
     
  3. What is offset account? definition and meaning
    Definition of offset account: Account that reduces the gross balance of another account to yield a net balance.
     
  4. Offset account - Mortgage offset account explained | ANZ
    ANZ's offset account enables you to make the most of your income and other funds to reduce the interest payable on your home loan. Find out more today.
     
  5. Offset account - Easy Street
    An offset account is a savings account which is linked to your Easy Street ... The Easy Street 100% offset account is available on the Honeymoon home loan and ...
     
  6. What is an offset account - Easy Street
    Your offset account is simply linked to your home loan and works like a regular savings account. The balance of savings is offset against the amount you owe on ...
     
  7. Get the most out of your 100% offset account
    Jan 11, 2012 ... Here are a few ways to make sure that you're using your everyday banking account to save as much interest as you can.
     
  8. 100% Offset Account Home Loan - Slash Your Interest!
    100% offset accounts allow you to use your everyday funds to reduce the balance of your loan. This can drastically reduce your interest, saving you thousands!