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