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Definition
2024
setoff
setoff
See also:
set off
and
set-off
English
Noun
setoff
(
plural
setoffs
)
(
finance
)
The situation where a
bank
or similar organisation
repays
itself
money
owed by an
accountholder
out of his or her
account
.
Etymology
set
+
off
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Scoff
Feoff
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