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setoff::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Synonyms | offset, set-back |
| Type of | construction, structure |
Examples of setoff
setoff
The Panel treated the Counterclaim solely as setoff against the assigned promissory note.
From the forbes.com
The bank evidently will argue that setoff is permitted by 2005 amendments to bankruptcy law covering so-called safe-harbor provisions for swap agreement.
From the bloomberg.com
The Storm ended a wild and crazy space roller-coaster ride last Saturday just far enough in front of Conant to grab the big team trophy on its home mats, and setoff of an equally wild celebration.
From the dailyherald.com
- Set-back: structure where a wall or building narrows abruptly
- Undesirable transfer of wet ink from the top of one sheet to the underside of another as they lie in the delivery stack of a press. Also called offset.
- When available funds in one account of an account holder are used by the bank to settle a debt or part of a debt in another account of the same account holder.
- The unwanted transfer of printing ink from a printed sheet to an opposite facing surface.
- Money held on behalf of a borrower that may be applied to repay the loan, but usually without the permission of the borrower.
- The unwanted transfer of ink from a substrate to parts of the press or other parts of the substrate, etc
- Refers to the discharging of a debt by the off-setting against it a specific claim that is in the favour of that specified debtor.
- A claim made by someone who owes money. The person claims that the amount owed should be reduced (set off) because the person making the claim owes them money in return.
- An equitable right to cancel or offset mutual debts or cross demands, commonly used by a bank in reducing a customer's checking account or other deposit account in satisfaction of a debt the customer owes the bank.
