What is the meaning of Setoff?

Money held on behalf of a borrower that may be applied to repay the loan, but usually without the permission of the borrower.

Barry Goldsmith
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APABarry Goldsmith. (2010). setoff. Retrieved September 20, 2026, from http://smartdefine.org/setoff/definitions/1163372
ChicagoBarry Goldsmith. 2010. "setoff" http://smartdefine.org/setoff/definitions/1163372 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, setoff, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/setoff/definitions/1163372>.
MLABarry Goldsmith. "setoff" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/setoff/definitions/1163372>
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