Setoff
Definition
A setoff in bankruptcy refers to the right of a creditor to offset a debt owed to them by the debtor against a debt owed by the creditor to the debtor, thereby reducing the amount owed by the creditor to the debtor.
Class Relationships
Parent(s)
Is Defined By
N/A
See Also
None
Children 0
- • None
Translations
Class Hierarchy Visualization
Interactive graph showing class relationships - click on any node to navigate to that class
Additional Information
Metadata
Comment
None
Description
None
Notes
- • None
Editorial Information
History Note
None
Editorial Note
None
Identifier
N/A
Deprecated
No
Source and Origin
No source or origin information available