« Back to Glossary Index
The ability to discharge or reduce a debt by applying a counter claim between the same parties. For example, a bank which has lent money to a debtor may attempt to satisfy some or all of the loan by seizing the debtor’s deposits at the bank.
Set-off (Wikipedia)
Set-off may refer to:
- Set-off (architecture), horizontal line shown on a floorplan indicating a reduced wall thickness, and consequently the part of the thicker portion appears projecting before the thinner
- Set-off (law), reduction of a claim by deducting the amount of a valid countervailing claim
- Set-off (printing), ink passing from one printed sheet to another because the ink has not had the chance to dry, which causes the sheets of paper to stick together
Set-off (Wiktionary)
English
Noun
set-off (plural set-offs)
- That which is set off against another thing; an offset.
- D. Jerrold
- I do not contemplate such a heroine as a set-off to the many sins imputed to me as committed against woman.
- D. Jerrold
- (dated
