SETOFF


Meaning of SETOFF in English

transcription, транскрипция: [ ˈset-ˌȯf ]

noun

Date: 1621

1. : something that is set off against another thing:

a. : decoration , ornament

b. : compensation , counterbalance

2. : the reduction or discharge of a debt or claim by setting against it a distinct claim in favor of the debtor or party who is the object of the first claim (as in a lawsuit) ; also : the offsetting claim itself

3. : offset 7a

Merriam-Webster's Collegiate English vocabulary.      Энциклопедический словарь английского языка Merriam Webster.