Contra is the setting off of mutual debt. For example, if a company owes $100 to another company that is owed $30 by that company in turn, the company is allowed to set off the $30 against the $100 and make a net payment of $70.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). contra. Retrieved September 22, 2026, from http://smartdefine.org/contra/definitions/1150662 |
| Chicago | Barry Goldsmith. 2010. "contra" http://smartdefine.org/contra/definitions/1150662 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, contra, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/contra/definitions/1150662>. |
| MLA | Barry Goldsmith. "contra" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/contra/definitions/1150662> |