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setoff

 

Definitions from WordNet

Noun setoff has 1 sense
  1. set-back, setoff, offset - structure where a wall or building narrows abruptly
    --1 is a kind of structure, construction

Definitions from the Web

Term: Setoff

Description:

Setoff can be used as a noun or a verb with multiple senses and usages. As a noun, it refers to an amount that is subtracted or deducted from a total. It can also indicate a counterclaim made by a defendant against a plaintiff's claim in a legal proceeding. As a verb, setoff means to deduct or subtract an amount from a total, or to counterbalance or compensate for something.

Examples:

Noun:

1. The bank applied a setoff to the outstanding loan balance.

2. The defendant filed a setoff in response to the plaintiff's claim.

Verb:

1. The business set off the customer's discount against their final bill.

2. The pleasure of meeting her old friends set off the disappointment of not getting the job.

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