setoff

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set·off

 (sĕt′ôf′, -ŏf′)
n.
1. Something, such as a decoration, that sets off something else by contrast.
2. Something that offsets or compensates for something else; a counterbalance.
3. A counterclaim that reduces or discharges the amount owed to a claimant.
4. Architecture See setback.
5. Printing See offset.

set•off

(ˈsɛtˌɔf, -ˌɒf)

n.
1. something that counterbalances or makes up for something else, as compensation for a loss.
2. a counterbalancing claim that cancels an amount a debtor owes.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.setoff - structure where a wall or building narrows abruptly
structure, construction - a thing constructed; a complex entity constructed of many parts; "the structure consisted of a series of arches"; "she wore her hair in an amazing construction of whirls and ribbons"

setoff

noun
References in classic literature ?
All that is very well," said Don Quixote; "but let the shoes and the blood-lettings stand as a setoff against the blows you have given him without any cause; for if he spoiled the leather of the shoes you paid for, you have damaged that of his body, and if the barber took blood from him when he was sick, you have drawn it when he was sound; so on that score he owes you nothing.
If there are children, the spouse still receives those estate setoffs as well as $50,000 cash and half of the remainder of the estate.
Greatly complicating the restraint of debt-paying is the fact that restraining notices apparently do not restrain setoffs at all.
50) The ThyssenKrupp court made it clear on rehearing that its ruling is one of evidence and does not pertain to setoffs or other rules of damages.
The Czech Republic made it easier to deal with insolvency procedures by introducing further legal amendments to restrict setoffs in insolvency cases and suspending for some insolvent debtors the obligation to fi le for bankruptcy.
Furthermore, we would need you to agree to paying us without setoffs within 30 days; agree to and sign the NITL/ATA model contract; agree to our rules tariff for accessorial; and, of course, agree to a fuel surcharge program.
71) In an ordinary negligence action, the Florida Supreme Court addressed the issue of setoffs for phantom damages, holding that "contractual discounts fit within the statutory definition of collateral sources.
The government may assert counterclaims seeking setoffs based on a special pleas in fraud, under the False Claims Act or the Contract Disputes Act.
But some of ANB's claims are subject to setoffs on several lots that Curry reported are valued at $315,000.
While it's true that the overwhelming majority of asbestos cases settle, the existence of potential setoffs affects settlement negotiations.
Charles Goetz, Richard Higgins, and Fred McChesney analyze the strategic effect of suing multiple defendants given the antitrust rules regarding contribution and setoffs.