Meaning of “set off” in the English Dictionary

business-english dictionary

"set off" in American English

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set off

phrasal verb with set us /set/ verb

to start on a trip:

What time do we set off tomorrow?

(Definition of “set off” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"set-off" in Business English

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set-offnoun [ C or U ]

uk us

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)