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.
“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
Peck didn’t allow the setoff, saying required “mutuality” was lacking.
From BusinessWeek ● Oct. 18, 2011
If a triangular setoff were permitted, the Lehman broker’s other creditors would be $23 million worse off.
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
