setoff
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.
“JPMorgan asserts, and the debtors admit, that ‘by virtue of such setoff rights, such funds may be subject to liens in favor of’” JPMorgan, it said.
From BusinessWeek • Nov. 1, 2011
Peck didn’t allow the setoff, saying required “mutuality” was lacking.
From BusinessWeek • Oct. 18, 2011
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
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
