right of offset

NOUN
15 LETTERS · STARTS WITH R

right of offset is a valid 15-letter word worth 26 points in Scrabble and 26 points in Words with Friends.

SCRABBLE WORDS WITH FRIENDS
R1I1G2H4T1O1F4O1F4F4S1E1T1
1 + 1 + 2 + 4 + 1 + 0 + 1 + 4 + 0 + 1 + 4 + 4 + 1 + 1 + 1 =26 PTS
DOUBLE WORD → 52TRIPLE WORD → 78
MEANING

What does right of offset mean?

NOUN · 1 SENSE
1

(banking) the legal right of a bank to seize deposited funds to cover a loan that is in default.