Setoff Definition
sĕtôf, -ŏf
noun
A thing that makes up for or sets off something else; counterbalance; compensation.
Webster's New World
Something that offsets or compensates for something else; a counterbalance.
American Heritage
A counterbalancing debt claimed by a debtor against a creditor.
Webster's New World
A counterclaim that reduces or discharges the amount owed to a claimant.
American Heritage
A claim for this.
Webster's New World
Other Word Forms of Setoff
Noun
Singular:
setoff
Plural:
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