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right of set-off

См. также в других словарях:

  • Set-off (law) — In law, a set off is a statutory defence to the whole or to a portion of a plaintiff s claim. It had no existence under the English common law, being created by 2 Geo. II c. 22 for the relief of insolvent debtors, although set off was recognised… …   Wikipedia

  • set-off — index counterclaim, drawback Burton s Legal Thesaurus. William C. Burton. 2006 set off …   Law dictionary

  • set off — vt: to reduce or discharge by set off: offset Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. set off …   Law dictionary

  • set–off — / set ˌȯf/ n 1: the reduction or discharge of a debt by setting against it a claim in favor of the debtor; specif: the reduction or discharge of a party s debt or claim by an assertion of another claim arising out of another transaction or cause …   Law dictionary

  • set-off — (1) In general, the legal right to reduce the amount owed by one party to another party by the sum that the second party also owes to the first party. (2) The confiscation of a deposits held by a borrower to offset some or all of the amounts owed …   Financial and business terms

  • set-off — Offset Off set , n. [Off + set. Cf. {Set off}.] In general, that which is set off, from, before, or against, something; as: [1913 Webster] 1. (Bot.) A short prostrate shoot, which takes root and produces a tuft of leaves, etc. See Illust. of… …   The Collaborative International Dictionary of English

  • set-off — A counter claim demand which defendant holds against plaintiff, arising out of a transaction extrinsic of plaintiffs cause of action. Remedy employed by defendant to discharge or reduce plaintiffs demand by an opposite one arising from… …   Black's law dictionary

  • To set off — Set Set (s[e^]t), v. t. [imp. & p. p. {Set}; p. pr. & vb. n. {Setting}.] [OE. setten, AS. setton; akin to OS. settian, OFries. setta, D. zetten, OHG. sezzen, G. setzen, Icel. setja, Sw. s[ a]tta, Dan. s?tte, Goth. satjan; causative from the root… …   The Collaborative International Dictionary of English

  • To set off against — Set Set (s[e^]t), v. t. [imp. & p. p. {Set}; p. pr. & vb. n. {Setting}.] [OE. setten, AS. setton; akin to OS. settian, OFries. setta, D. zetten, OHG. sezzen, G. setzen, Icel. setja, Sw. s[ a]tta, Dan. s?tte, Goth. satjan; causative from the root… …   The Collaborative International Dictionary of English

  • set off — (1) In general, the legal right to reduce the amount owed by one party to another party by the sum that the second party also owes to the first party. (2) The confiscation of a deposits held by a borrower to offset some or all of the amounts owed …   Financial and business terms

  • Set — (s[e^]t), v. t. [imp. & p. p. {Set}; p. pr. & vb. n. {Setting}.] [OE. setten, AS. setton; akin to OS. settian, OFries. setta, D. zetten, OHG. sezzen, G. setzen, Icel. setja, Sw. s[ a]tta, Dan. s?tte, Goth. satjan; causative from the root of E.… …   The Collaborative International Dictionary of English

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