| 词汇 | setoff |
| 释义 | `1`setoff `2` "Nolo Everybody's Legal Dictionary": A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances. See Topic: Lawsuits & Mediation |
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