Set off definition legal
WebDefinition & Citations: A counterclaim or cross-demand; a claim or demand which the defendant in an action sets off against the claim of the plaintiff, as being his due, where: … WebSet off legal definition of set off Set (redirected from set off) Also found in: Dictionary, Thesaurus, Medical, Financial, Idioms, Encyclopedia, Wikipedia. set v. to schedule, as to …
Set off definition legal
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WebSet-off refers to claims that may be set-off against other claims. A set-off is the right of one party, Party A, who is owed money by another party, Party B, to ensure payment by setting … Web11 Nov 2024 · Independent set-off is sometimes described as legal set-off or statutory set-off. The term independent set-off is usually used to encompass: • statutory set-off (also known as legal set-off)—a form of set-off available under rules carried over from 18th century legislation known as the Statutes of Set-Off, and •
Web3 Oct 2024 · European Encyclopedia of Law (BETA) Menu. Menu Webset something off meaning: 1. to cause an activity or event, often a series of events, to begin or happen: 2. to cause a loud…. Learn more.
WebLegislation is a law or a set of laws that have been passed by Parliament. The word is also used to describe the act of making a new law. About Parliament: Making laws Find out more What laws are currently being discussed in Parliament? Bills and legislation Web10 Nov 2024 · A set-off clause is a term used in a contract that describes how one party can deduct amounts from a payment that is owing to another party. Set-off clauses ensure …
Web11 Nov 2024 · Netting entails offsetting the value of multiple positions or payments due to be exchanged between two or more parties, and it can be used to determine which party is owed remuneration in a ...
Web18 Apr 2024 · A set-off clause is a legal provision that allows a lender to take the deposits of a debtor who has defaulted on a loan. A set-off clause is also a provision that allows a … recursive touch linuxWebLEGAL SET-OFF This is a procedural remedy, available only during the course of litigation. It allows a court to give one judgement for the balance due between parties. It is available for mutual liquidated debts which are both due and payable at the commencement of the action. The two claims do not have to arise from the same transaction or recursive variable path references itselfWeb31 Aug 2006 · If you want a noun referring to any reduction of one amount by some other amount, the noun offset is okay. If you want a noun referring specifically to reduction of … recursive triangleWeb3 Aug 2006 · Setoff (of debts or claims) is called "compensación (de deudas)" in the Spanish Civil Code and in Spanish contract law/law of obligations in general, and is one of the standard means for cancelling a debt (extinción de la deuda) along with (Artículo 1156) "el pago o cumplimiento, la pérdida de la cosa debida, la condonación de la deuda, la ... recursive thresholdingWebsetoff (offset) n. a claim by a defendant in a lawsuit that the plaintiff (party filing the original suit) owes the defendant money which should be subtracted from the amount of … recursive trainingWebSet-off is a defense which goes not to the Justice of the plaintiffs demand, but sets up a demand against the plaintiff to counterbalance his in whole or in part Code Ga. 1882, … update electrical wiring homeWebWhat does Banker's right of set-off mean? The general rule is that the banker has a right of set-off which means that unless expressly excluded by agreement or implied from the course of business, the banker may combine accounts kept by the customer in his own right, even though at different branches of the same bank, and to treat the balance ... update election audit maricopa county az