set-off - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “set-off”

set-off

noun [C or U]
 
 
UK LAW the right to pay a person or organization less money than you owe them because they also owe you money: There may be occasions where the tenant would wish to withhold rent or claim a set-off. a set-off clause
(Definition of set-off from the Cambridge Business English Dictionary © Cambridge University Press)
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