Home > Glossary > Set-off

Meaning / Definition of

Set-off

Categories: Bankruptcy Assistance,

the ability to discharge or reduce a debt by applying a counter claim between the same parties. For example, a bank which has lent money to a debtor may attempt to satisfy some or all of the loan by seizing the debtor's deposits at the bank.

Featured term of the day

Definition / Meaning of

Employee Retirement Income Security Act Section 510

Categories: Insurance,

removed

Most popular terms

1. Portable Benefits
2. Preapproval
3. Building Ordinance Coverage
4. Circuit Breaker
5. Employee Retirement Income Security Act Section 404(c)
6. Terms Of Reference
7. Relative Strength
8. Covenant Not To Sue
9. Sublimit
10. FACT Act (Fair And Accurate Credit Transactions Act)

Search a term

Keyword:

Browse by alphabet

ABCDEFG
HIJKLMN
OPQRSTU
VWXYZ#

Browse by category

Accounting
Banking
Bankruptcy Assistance
Bonds and Treasuries
Brokerages
Business and Management
Compliance and Governance
Credit and Debt
E-commerce
Economics
Estate Planning
Forex
Fraud
Fundamental Analysis
Futures
Global
Insurance
International Trade
Investing and Trading
Ipos
Legal
Loan and Mortgage
Mergers and Acquisitions
Mutual Funds
Operation and Production
Options
Patent
Personnel Management
Real Estate
Retirement and Pension
Statistics and Risk Management
Stocks
Strategies
Tax
Technical Analysis
Venture Capital