setoff

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setoff (offset) n. a claim by a defendant in a lawsuit that the plaintiff (party filing the original suit) owes the defendant money which should be subtracted from the amount of damages claimed by plaintiff. By claiming a setoff the defendant does not necessarily deny the plaintiff's original demand, but he/she claims the right to prove the plaintiff owes him/her an amount of money from some other transaction and that the amount should be deducted from the plaintiff's claim. (See: offset, affirmative defense)

setoff noun allowance, balance, compensation, counter, counter demand, counterbalance, credit, equivalent, offset, opposite, outstanding indebteddess, satisfaction
Associated concepts: affirmative defense, counterclaim

See also: indemnity

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Bill of particulars counter counterbalance counterdebt counterpoise counterweight debt owed equivalent claim indemnity offset offsetting claim plea recoupment			set one’s name to set oneself against set out set out to set phrase set purpose set right set store by set straight set terms set the date set to set to music set to rights set to work set too high an estimate set up set up an inquiry set up housekeeping set up in business set upon Set-off set-to setback setdown setoff setting setting a price setting apart setting aside setting aside for a particular purpose setting aside of specific property setting forth setting forth in words setting free setting the value settle settle a debt settle a dispute settle accounts settle accounts with settle amicably settle an account settle by authoritative decision settle by conciliation settle by covenant settle by decree settle differences settle disputes settle firmly settle in			Setlers Setlers Setlers Setlers setline SETM SETMAC SETMDM SETMN SETN Setness SETNET Seto Seto Seto inland sea Seto inland sea Seto inland sea Seto Kaiba Seto language Seto Marine Biological Laboratory Seto Naikai Seto Naikai Seto Nakai Seto Nakai Seto Nakai Seto no Hanayome Seto-naikai Seto-naikai Seto-naikai SETOC setoff Setoff Debt Act Setoffs Setoffs Setoffs Setoffs Setoffs Seton Seton Seton Seton (disambiguation) Seton (disambiguation) Seton (disambiguation) Seton Catholic Central High School Seton Day Seton Hall College of Medicine and Dentistry Seton Hall Journal of Sport Law Seton Hall Law Review Seton hall prep Seton Hall University Seton Hill University Seton Medical Center Williamson Seton Physician Hospital Network Seton Securities Group, Inc. Seton, Elizabeth Ann Seton, Ernest Thompson Seton, Ernest Thompson Seton, Saint Elizabeth Ann Seton, Saint Elizabeth Ann Seton, St Elizabeth Ann Seton-Watson, Robert William

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