set-off

Meaning

  1. That which is set off against another thing; an offset.
  2. That which is used to improve the appearance of anything; a decoration; an ornament.
  3. A counterclaim; a cross debt or demand; a distinct claim filed or set up by the defendant against the plaintiff's demand.
  4. The situation where a bank or similar organisation repays itself money owed by an accountholder out of his or her account.
  5. An offset.

Etymology

Deverbal from set off.

Notes

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