setoff [set-awf, -of ] Phonetic (Standard)IPA noun something that counterbalances or makes up for something else, as compensation for a loss. Accounting.a counterbalancing debt or claim, especially one that cancels an amount a debtor owes....
Set-Offs means amounts set off by any Bank Creditor or any Noteholder by the exercise of any Set-Off Right.Sample 1Sample 2 Based on 2 documents SaveCopy Set-Offs shall have the meaning assigned to such term in Section 5.3(i). Sample 1 Based on 1 documents SaveCopy ...
What is Setoff? (n) Setoff is the claim by a defended to adjust the dues the plaintiff owes to him from the claim or damages payable to the plaintiff History and Meaning of Setoff Setoff is a legal term that has been used for centuries to adjust the amount of money that one party...
: amount of deflection from a straight line set of a saw's teeth 8 : permanent change of form (as of metal) due to repeated or excessive stress 9 : the act or result of arranging hair by curling or waving 10 or less commonly sett ˈset a : a young plant or rooted cutting...
1 : distance or amount set over 2 : a device by which a lathe headstock or tailstock can be moved perpendicular to the ways for taper turning Word History Etymology from set over, verb The Ultimate Dictionary Awaits Expand your vocabulary and dive deeper into language with Merriam-Webster...
He set $7500 as the right amount for the car. The teacher sets a high value on neatness. to fix the value of at a certain amount or rate; value: He set the car at $500. She sets neatness at a high value. Synonyms:rate,price,evaluate,appraise,estimate ...
mention what happened – you’ll only set her off again.7set something off against taxto officiallyrecordthe money you have spent on somethingconnectedwith your job, in order toreducethe amount oftaxyou have to paySome expenses can be set off against tax.→set...
b.To fix at a given amount:The judge set bail for the defendant at $50,000. c.To make as an estimate of worth:We set a high value on human life. 12. a.To cause to sit:Set yourself over by the fire. b.To put (a hen) on eggs for the purpose of hatching them. ...
to fix the value of at a certain amount or rate; value:He set the car at $500. She sets neatness at a high value. to post, station, or appoint for the purpose of performing some duty:to set spies on a person. to determine or fix definitely:to set a time limit. ...
Set-offmeans set-off, offset, combination of accounts, right of retention or withholding or similar right or requirement to which the payer of an amount under Section 6 is entitled or subject (whether arising under this Agreement, another contract, applicable law or otherwise) that is exercised...