Setoff

Setoff - 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 Information

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Identification

Label (rdfs)
Setoff
Preferred Label
None
Alternative Labels
Bankruptcy
Identifier
N/A

Definition and Examples

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.
Examples
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Translations

es-es
Compensación
es-mx
Compensación
en-gb
Setoff
he-il
סטאף
hi-in
सेटऑफ

Class Relationships

Parent Class Of
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Is Defined By
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See Also
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Additional Information

Comment
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Description
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Notes
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Deprecated
False

Metadata

History Note
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Editorial Note
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In Scheme
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Source
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