set-off

noun
\ ˈset-ˌȯf \

Legal Definition of set-off 

(Entry 1 of 2)

1 : the reduction or discharge of a debt by setting against it a claim in favor of the debtor specifically : the reduction or discharge of a party's debt or claim by an assertion of another claim arising out of another transaction or cause of action against the other party

2a : a right to seek reduction or discharge of a debt or claim by countering a party's claim with an independent claim

b : a counterclaim made by a defendant against a plaintiff for reduction or discharge of a debt by reason of an independent debt owed by the plaintiff to the defendant — compare recoupment sense 2

set off

transitive verb

Legal Definition of set off (Entry 2 of 2)

: to reduce or discharge by set-off : offset

Learn More about set-off

Dictionary Entries near set-off

servitude

session

set aside

set-off

set off

settle

settlement

Comments on set-off

What made you want to look up set-off? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

the setting in which something occurs

Get Word of the Day daily email!

Test Your Vocabulary

Musical Words Quiz

  • gramophone
  • Which word describes a musical performance marked by the absence of instrumental accompaniment?
How Strong Is Your Vocabulary?

Test your vocabulary with our 10-question quiz!

TAKE THE QUIZ
SCRABBLE® Sprint

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!