Setoff (noun) Definition, Meaning & Examples

noun
  1. something that counterbalances or makes up for something else, as compensation for a loss.
  2. a counterbalancing debt or claim, especially one that cancels an amount a debtor owes.
  3. Also called offset. Architecture.
    • a reduction in the thickness of a wall.
    • a flat or sloping projection on a wall, buttress, or the like, below a thinner part.
  4. something used to enhance the effect of another thing by contrasting it, as an ornament.
  5. offset (def. 7).
verb (adverb)
  1. to embark on a journey
  2. to cause (a person) to act or do something, such as laugh or tell stories
  3. to cause to explode
  4. to act as a foil or contrast to, esp so as to improve
  5. to cancel a credit on (one account) against a debit on another, both of which are in the name of the same person, enterprise, etc
  6. to bring a claim by way of setoff
noun setoff
  1. anything that serves as a counterbalance
  2. anything that serves to contrast with or enhance something else; foil
  3. another name for setback
  4. a counterbalancing debt or claim offered by a debtor against a creditor
  5. a cross claim brought by a debtor that partly offsets the creditor's claim
noun
  1. a fault in which ink is transferred from a heavily inked or undried printed sheet to the sheet next to it in a pile
Setoff (noun) Definition, Meaning & Examples

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