OFFSET

OFFSET

OFFSET offset, n. Something (such as an amount or claim) that balances or compensates for something else; SETOFF. ¡°Both setoff and recoupment existed at common law, but their scope has been modified, expanded, and ultimately merged by subsequent statutory and decisional law. The final equitable concept of ¡®offset¡¯ recognizes that the debtor may satisfy a […]

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