setoff Hear it!

setoff definition

set·off (set′ôf′)

noun

  1. a thing that makes up for or sets off something else; counterbalance; compensation
    1. a counterbalancing debt claimed by a debtor against a creditor
    2. a claim for this
  3. offset ( & )

Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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