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WordNet-Online
Definitions from WordNet | ||||
Definitions from the WebRight of OffsetNoun: A legal right that allows a creditor to seize funds from a debtor's account to fulfill a debt owed by the debtor. Example sentence: The bank exercised its right of offset and withdrew funds from the customer's account to cover the outstanding loan balance. Related products on AmazonVerb: To exercise the legal right to seize funds from a debtor's account to satisfy a debt. Example sentence: The lender decided to right of offset the outstanding debt and recovered the amount owed. Related products on AmazonAdjective: Pertaining to the legal authority granted to a creditor to offset debts owed by a debtor. Example sentence: The bank informed the customer about their right of offset policy during the loan application process. Related products on Amazon | ||||
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