setoff

[set-awf, -of] / ˈsɛtˌɔf, -ˌɒf /

NOUN

compensation

Synonyms

STRONG

advantage allowance amends atonement benefit bonus bread consideration counterclaim coverage damages defrayal deserts earnings fee gain honorarium indemnification indemnity meet offset pay payment payoff premium profit quittance reciprocity reckoning recompense redress reimbursement remittal remittance remuneration reparation repayment reprisal requital restitution reward salary salt satisfaction scale settlement shake stipend take wage

WEAK

recoupment take-home

Antonyms

STRONG

debt disadvantage dissatisfaction hindrance hurt loss penalty

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

See Examples For:

setoff

“JPMorgan asserts, and the debtors admit, that ‘by virtue of such setoff rights, such funds may be subject to liens in favor of’” JPMorgan, it said.

From BusinessWeek ● Nov. 1, 2011

Because there was no right of setoff in the first place, there was nothing for the safe harbor to protect.

From BusinessWeek ● Oct. 6, 2011

Peck said that bankruptcy law requires mutuality, meaning that setoff only exists between the same two companies.

From BusinessWeek ● Oct. 6, 2011

He said that setting off under a swap agreement is permissible even after bankruptcy, although only if the right of setoff exists in the first place.

From BusinessWeek ● Oct. 6, 2011

Three weeks later I received a letter announcing that I had a two-year setoff until seeing them again.

From "Hole in My Life" by Jack Gantos

setoff

Example Sentences

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