(offset) n. a claim by a defendant in a lawsuit that the plaintiff (party filing the original suit) owes the defendant money which should be subtracted from the amount of damages claimed by plaintiff. By claiming a setoff the defendant does not necessarily deny the plaintiff's original demand, but he/she claims the right to prove the plaintiff owes...
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http://dictionary.law.com/Default.xhtml?selected=1935
Money held on behalf of a borrower that may be applied to repay the loan, but usually without the permission of the borrower.
Found on
http://www.duke.edu/~charvey/Classes/wpg/bfgloss.htm
Undesirable transfer of wet ink from the top of one sheet to the underside of another as they lie in the delivery stack of a press.
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http://www.e-printing.co.uk/glossary.htm
(n) Setoff is the claim by a defended to adjust the dues the plaintiff owes to him from the claim or damages payable to the plaintiff
Found on
http://www.encyclo.co.uk/local/21213
A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him or her money. This is often raised in a counterclaim filed by a defendant in a lawsuit. By claiming a setoff, the defendant does not necessarily deny the plaintiff's original demand, but seeks to reduce the amount of money owed to t...
Found on
http://www.nolo.com/dictionary/setoff-term.html
Undesirable transfer of wet ink from the top of one sheet to the underside of another as they lie in the delivery stack of a press. Also called offset.
Found on
https://www.encyclo.co.uk/local/20631
No exact match found.
