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.
Peck said that bankruptcy law requires mutuality, meaning that setoff only exists between the same two companies.
From BusinessWeek • Oct. 6, 2011
He said that setting off under a swap agreement is permissible even after bankruptcy, although only if the right of setoff exists in the first place.
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
