right of set-off
1Set-off (law) — In law, a set off is a statutory defence to the whole or to a portion of a plaintiff s claim. It had no existence under the English common law, being created by 2 Geo. II c. 22 for the relief of insolvent debtors, although set off was recognised… …
2set-off — index counterclaim, drawback Burton s Legal Thesaurus. William C. Burton. 2006 set off …
3set off — vt: to reduce or discharge by set off: offset Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. set off …
4set–off — / set ˌȯf/ n 1: the reduction or discharge of a debt by setting against it a claim in favor of the debtor; specif: the reduction or discharge of a party s debt or claim by an assertion of another claim arising out of another transaction or cause …
5set-off — (1) In general, the legal right to reduce the amount owed by one party to another party by the sum that the second party also owes to the first party. (2) The confiscation of a deposits held by a borrower to offset some or all of the amounts owed …
6set-off — Offset Off set , n. [Off + set. Cf. {Set off}.] In general, that which is set off, from, before, or against, something; as: [1913 Webster] 1. (Bot.) A short prostrate shoot, which takes root and produces a tuft of leaves, etc. See Illust. of… …
7set-off — A counter claim demand which defendant holds against plaintiff, arising out of a transaction extrinsic of plaintiffs cause of action. Remedy employed by defendant to discharge or reduce plaintiffs demand by an opposite one arising from… …
8To set off — Set Set (s[e^]t), v. t. [imp. & p. p. {Set}; p. pr. & vb. n. {Setting}.] [OE. setten, AS. setton; akin to OS. settian, OFries. setta, D. zetten, OHG. sezzen, G. setzen, Icel. setja, Sw. s[ a]tta, Dan. s?tte, Goth. satjan; causative from the root… …
9To set off against — Set Set (s[e^]t), v. t. [imp. & p. p. {Set}; p. pr. & vb. n. {Setting}.] [OE. setten, AS. setton; akin to OS. settian, OFries. setta, D. zetten, OHG. sezzen, G. setzen, Icel. setja, Sw. s[ a]tta, Dan. s?tte, Goth. satjan; causative from the root… …
10set off — (1) In general, the legal right to reduce the amount owed by one party to another party by the sum that the second party also owes to the first party. (2) The confiscation of a deposits held by a borrower to offset some or all of the amounts owed …