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Set off definition

WebSet-off (law) In law, set-off or netting are legal techniques applied between persons or businesses with mutual rights and liabilities, replacing gross positions with net positions. … Webset off/out phrasal verb with set verb uk / set / us / set / present participle setting past tense and past participle set B2 to start a journey: What time will we have to set off for …

Set-off Definition & Meaning Merriam-Webster Legal

WebSetoff. 1. The right of someone who owes money to subtract from the debt any money owed in the other direction. 2. A defedant's monetary demand against the plaintiff for some injury unrelated to the plaintiff's claim. wex. COMMERCE. commercial law. commercial activities. Web15 Nov 2024 · ADVERTISEMENT. 2) In a Legal set-off, the defendant can claim set-off as a right and the court is obligated to entertain and adjudicate upon the claim. Whereas, in Equitable set-off, the court has the right or discretion on whether to allow the claim of set-off to proceed or just refuse ab initio. The defendant cannot claim it as a right. rays box score last night https://b-vibe.com

Set off - definition of set off by The Free Dictionary

Web1 Oct 2015 · Set-off can be insolvency, contractual, equitable (or transaction ), statutory (or legal) or retainer (sometimes referred to as the rule in Cherry v Boultbee (1839) 41 ER … Web20 Jan 2024 · Set Off & Counter Claim. The distinction between set-off and counter-claim may now be noted : Set-off is a statutory defence to a plaintiff’s action, whereas a counterclaim is substantially a cross-action. Set-off must be for an ascertained sum or must arise out of the same transaction as the plaintiff’s claim. WebDefinition of set somebody off in the Idioms Dictionary. set somebody off phrase. What does set somebody off expression mean? Definitions by the largest Idiom Dictionary. rays box office number

Meaning of set-off in Accounting Examples Types More..

Category:set-off phrasal verb - Definition, pictures, pronunciation …

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Set off definition

Set off definición y significado Diccionario Inglés Collins

Webset: [noun] the act or action of setting. the condition of being set. WebThe main set-off computation relates to a set-off against the tax deducted from interest paid by local authorities. From the Hansard archive Their corporation tax liabilities will normally be satisfied by set-off against any repayment due. From the Hansard archive

Set off definition

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Web4 Oct 2024 · Set off. Set off in its simplest form is generally understood by legal practitioners and laypersons alike - it refers to the reduction or extinguishment of a claim by a co-existing counter-claim. Thus, if Justinian owes £100 to Gaius and Gaius owes £80 to Justinian, set off can intervene to reduce the co-existing claims to a single claim for ... WebB2. to start a journey: What time will we have to set off for Grandma's house tomorrow? Jenny set off down the road on her new bike. They've just set off on a round-the-world …

Webset off vi phrasal (begin a journey) partir⇒ vi : prendre la route loc v : se mettre en route loc v : We'll have to set off very early to avoid the rush-hour traffic. On devra partir très tôt pour … Weboffset: [verb] to place over against something : balance. to serve as a counterbalance for : compensate.

Webtransitive to cause something to operate, especially by accident. Jeff pushed open the front door, which set off the alarm. Synonyms and related words. 3. transitive to make … Web1. (intransitive) to embark on a journey. 2. (transitive) to cause (a person) to act or do something, such as laugh or tell stories. 3. (transitive) to cause to explode. 4. (transitive) to act as a foil or contrast to, esp so as to improve. that brooch sets your dress off well.

WebDefinition of set off. set in motion or cause to begin; "The guide set the tour off to a good start"

Webset off - WordReference English dictionary, questions, discussion and forums. All Free. simplyclick sbi card eligibilityWebto start a process or series of events. Panic on the stock market set off a wave of selling. Topics Change, cause and effect c2. to make something more attractive or easy to notice … rays box scoreWeboffset. verb [ T ] us / ˌɔfˈset / present participle offsetting past tense and past participle offset. to balance one influence against an opposing influence so that no great difference … simply click sbi card benefitsWeb1 Oct 2015 · Equitable set-off is a substantive defence to the claim and can be asserted by the defendant in the absence of judicial proceedings, eg by way of response to a demand for payment by the claimant. There is no need for the two claims to be for liquidated damages: the defendant’s own claim can be for an unliquidated sum to be assessed by the ... rays bream nzWebA set-off is a counterclaim with the particular goal of defeating or diminishing the amount the defendant will have to pay if the plaintiff's suit succeeds. The set-off has two … rays brewers highlightsWeb6 Aug 2024 · What is set off? Where the right of set off arises, it can act as a defence to part or the whole of a claim. Example: when the right of set off arises, if B owes A £800,000, … rays boxing gym houstonWebThe meaning of SET-OFF is 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 … rays branch church of christ bowling green ky