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setoff

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noun set·off \ˈset-ˌȯf\

Definition of setoff

  1. 1 :  something that is set off against another thing:a :  decoration, ornamentb :  compensation, counterbalance

  2. 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. 3 :  offset 7a



Examples of setoff in a sentence

  1. <the architect used stone carvings as setoffs for the building's marble facing>



1621

First Known Use of setoff

1621



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