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English definition of “set sth against sth”

set sth against sth

(FINANCE) phrasal verb with set     /set/ verb (present participle setting, past tense and past participle set)
to use or record one thing, especially the cost of something, in order to reduce or remove the effect of another: The cost of business travel and entertainment can be set against tax .Budgeting and saving moneyAccounting
(Definition of set sth against sth (FINANCE) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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