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Definitions

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.

Peck didn’t allow the setoff, saying required “mutuality” was lacking.

From BusinessWeek • Oct. 18, 2011

Even though a triangular setoff may be permissible under state law, it doesn’t work in bankruptcy because “the Bankruptcy Code imposes its own strict requirements,” Peck said.

From BusinessWeek • Oct. 6, 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

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

From BusinessWeek • Oct. 6, 2011

She closed her eyes and slept, and presently they woke her and setoff.

From "The Golden Compass" by Philip Pullman




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