Case law
set-off
Reducing a payment by a sum the payee owes the payer. Insolvency set-off nets off all debts between a company in liquidation and its creditor.
Also written as
- set off
- insolvency set-off
Case law
Reducing a payment by a sum the payee owes the payer. Insolvency set-off nets off all debts between a company in liquidation and its creditor.
Also written as