set-off is 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.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). set-off. Retrieved September 20, 2026, from http://smartdefine.org/set-off/definitions/1163368 |
| Chicago | Barry Goldsmith. 2010. "set-off" http://smartdefine.org/set-off/definitions/1163368 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, set-off, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/set-off/definitions/1163368>. |
| MLA | Barry Goldsmith. "set-off" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/set-off/definitions/1163368> |