nounInlaw: nounThe balancing or countervailing of one debt by another. nounThe claim of a debtor to have his debt extinguished in whole or in part by the application of a debt due from his creditor, or from one with whom his creditor is in privity. ...
The meaning of SETOFF is something that is set off against another thing. How to use setoff in a sentence.
Default Rights has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. Legitimate law enforcement purpose means a goal within the lawful authority of an officer that is to be achieved through methods or ...
Meaning of set off The concept of set off, as stated hereinbefore, is a claim set up against the plaintiff which has the effect of reduction or discharge of a party's debt or claim. In other words, it is a cross-claim which partly offsets the original claim. What are the two types...
to set in motion : cause to begin to cause to explode to measure off on a surface intransitive verb to start out on a course or a journey set off for home setoff同义词 n. 衬托物,装饰;扣除;动身 decoration,deduction setoff词源英文解释 ...
On the first place, this treatise studies the difference between the narrow concept of self-financing (Selbstfinanzierung) and the notions what shows business actions, that is proposed by the meaning of word "finance by equity capital (Eigenfinanzierung)". On the second place, this treatise ...
The judge held that: (a) the set-off letters were fabrications, meaning Italmatic had never exercised its rights of set-off; (b) in any event, clause 8.2 of the Panoil T&Cs precluded Italmatic’s ability to exercise any such rights; and (c) the cancellation letters were also fa...
C.Set-off Governed by the Law of the Main ObligationD.The Meaning of Legal Set-offE.Distinction between Set-off and Mere Deduction?F.The Requirements and Consequences of Set-offVI. Some ProblemsVII. ConclusionsI. IntroductionThe Convention on the law applicable to contractual obligations of 19 ...
Set-off Art 6 within the meaning of Art 5 (1) of the EIR is a matter to be decided by the national law that governs pursuant to the conflict of laws rules commonly applicable to rights in rem prior to the opening of insolvency proceedings, which is the lex ret sitae in most cases....
Set off meaning It refers to adjusting losses against profits within the same year. Any losses which are unutilized can be carried forward to subsequent years for set off against profits. Types of Set off Losses Intra-head set off Inter-head set off Intra-head Set Off Exceptions Speculation...