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setoff

[set-awf, -of] / ˈsɛtˌɔf, -ˌɒf /


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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Because there was no right of setoff in the first place, there was nothing for the safe harbor to protect.

From BusinessWeek Oct. 6, 2011

A setoff to recover debt owing to an affiliate isn’t allowed by the language of the statute, Peck said.

From BusinessWeek Oct. 6, 2011

If a triangular setoff were permitted, the Lehman broker’s other creditors would be $23 million worse off.

From BusinessWeek Oct. 6, 2011

Peck said that bankruptcy law requires mutuality, meaning that setoff only exists between the same two companies.

From BusinessWeek Oct. 6, 2011

Three weeks later I received a letter announcing that I had a two-year setoff until seeing them again.

From "Hole in My Life" by Jack Gantos




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