Dictionary

setoff

4 ENTRIES FOUND:

setoff

noun set·off \ˈset-ˌf\

Definition of SETOFF

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

Examples of SETOFF

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

First Known Use of SETOFF

1621

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