Set off definition

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August undefined, 2024

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 ... Webto cause a loud noise or explosion, such as that made by a bomb or an alarm (= a warning sound) to begin or happen: Terrorists set off a bomb in the city centre. Somebody set the … set something off meaning: 1. to cause an activity or event, often a series of events, …

Set off financial definition of set off

Weboffset: [verb] to place over against something : balance. to serve as a counterbalance for : compensate. WebIn law, set-off or netting are legal techniques applied between persons or businesses with mutual rights and liabilities, replacing gross positions with net positions. bronson antarctic krill oil 1000mg

Offset Definition & Meaning - Merriam-Webster

Weboffset. 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 … 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 … Webnoun. off· set ˈȯf-ˌset. 1. : something that serves to counterbalance or to compensate for something else. demands conspicuous offsets to the enemy's successes. especially : … bronson arroyo and the 04

What is Set Off? Distinction Between Legal Set Off And Equitable Set Off

Difference between set off and counter claim - Law Times Journal

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. 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 … cardinals promotional scheduleWebSynonyms for SET: sit, lay, spawn, hatch, brood, incubate, choose, pick; Antonyms of SET: stand, rise, arise, get up, curve, deflect, avert, divert cardinals printable schedule 2023

"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 … " - Set off definition

Set off definition

Webset off verb 1 a : to cause to show up clearly bright flowers set off by dark shadows b : to separate from others : make noticeable a direct quotation set off by quotation marks 2 a : … 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 …

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Web6 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, … 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 - WordReference English dictionary, questions, discussion and forums. All Free. Web10 Apr 2024 · Set-off means discharging reciprocal monetary obligations by counterbalancing debt or claim. The set-off is carried out by debiting one account against a credit on another. The word “set-off” gives us the idea that it is related to writing off or reducing the value.

Webset off. To deduct debts from each other.Oftentimes defaulting debtors will claim that they have not paid their obligations because of a right of setoff against injuries suffered as a result of wrongdoing by the creditor.Lenders with bank deposits in the name of their borrower may set off the bank account against the mortgage debt if there is a default. WebDefinition of set off. set in motion or cause to begin; "The guide set the tour off to a good start"

Web1 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 ...

WebA 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 … bronson apartmentsWebset: [noun] the act or action of setting. the condition of being set. cardinals projected pitching rotation bronson athletic club south havenWebset off verb (adverb) (intr) to embark on a journey (tr) to cause (a person) to act or do something, such as laugh or tell stories (tr) to cause to explode (tr) to act as a foil or … bronson battle creek bed countWebSet-off may be divided into the following categories: Legal set-off. This can only be resorted to as a defence to a court action and is available where the two claims are liquidated or … bronson battle creek family medicineWeb1 day ago · 1. (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. … cardinals promotionsWebThe 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 cardinals promotional giveaways june 29