setoff
setoff
Definition
set·off (set′ôf′)
noun
- a thing that makes up for or sets off something else; counterbalance; compensation
- a counterbalancing debt claimed by a debtor against a creditor
- a claim for this
- offset ( & )
setoff
Law Definition
n
A counterclaim against the plaintiff by the defendant
arising from a cause of action other than that she is being sued for; a
reduction in the amount of a settlement by the amount the debtor is owed by the
creditor. See also counterclaim and cross-claim.
Browse dictionary entries near setoff
- setiform
- setiferous
- seti-
- Seth
- setback
- setaceous
- seta
- set upon
- set up
- set-top box
- Seton
- setose
- setscrew
- settecento
- settee
- setter
- setting
- setting-up exercises
- settle
- settle up
