setoff
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.
Even though a triangular setoff may be permissible under state law, it doesn’t work in bankruptcy because “the Bankruptcy Code imposes its own strict requirements,” Peck said.
From BusinessWeek • Oct. 6, 2011
If a triangular setoff were permitted, the Lehman broker’s other creditors would be $23 million worse off.
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
A setoff to recover debt owing to an affiliate isn’t allowed by the language of the statute, Peck said.
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
