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A Compensating Balance Refers to a Minimum Amount That Must

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A compensating balance refers to a minimum amount that must remain in a bank account as part of a credit-granting arrangement.


Definitions:

Shared Derived Trait

A characteristic that is present in an ancestral species and is shared exclusively by its evolutionary descendants.

HMS Beagle

A British Royal Navy ship on which Charles Darwin made his famous voyage, providing key observations that led to the development of his theory of natural selection.

Darwin

Charles Darwin, a 19th-century naturalist best known for his contributions to the theory of evolution through natural selection.

Galápagos Island Finches

A group of about 15 species of finches from the Galápagos Islands, known for their varied beak shapes and sizes, which inspired Charles Darwin's theory of natural selection.

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