What means set off against?

(set something off against something) to compare one thing with another. The quality of the facilities must be set off against the cost of using them. Synonyms and related words. To compare or connect things.

What do you mean by set off?

1 : the reduction or discharge of a debt by setting against it a claim in favor of the debtor specifically : the reduction or discharge of a party’s debt or claim by an assertion of another claim arising out of another transaction or cause of action against the other party.

What is it called when you put people against each other?

: to cause (someone or something) to fight or compete against (another person or thing) Tonight’s game will pit Smith against Johnson for the championship.

Is it set off or set off?

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 the amount owed by debtor to creditor by some other amount that the creditor owes the debtor, use the noun setoff or set-off.

What is purpose of set off?

Set-off clauses are used for the benefit of the party at risk of a payment default. They give the creditor legal access to a debtor’s assets at either the lender’s financial institution or another one where the debtor has accounts.

What is a setoff in legal terms?

1. The right of someone who owes money to subtract from the debt any money owed in the other direction. 2. A defedant’s monetary demand against the plaintiff for some injury unrelated to the plaintiff’s claim.

What is phrasal verb of set off?

transitive to cause something to operate, especially by accident. Jeff pushed open the front door, which set off the alarm. Synonyms and related words. To make something start to exist or happen.

Why do I turn people against each other?

→ Antisocial Personality Disorder: People with antisocial personality disorder may manipulate others and turn them against each other. They don’t care about anyone but themselves.

What does taking pits together mean?

(pit someone/something against someone/something) to make someone compete or fight against someone or something else. Coach Fox finds his team pitted against a team coached by his longtime friend and mentor. Synonyms and related words.

What is the synonym of set off?

In this page you can discover 44 synonyms, antonyms, idiomatic expressions, and related words for set off, like: set apart, set the spark to, be the opposite, be different, appear different, detonate, start-out, set forth, set out, get under way and contrast.

What is a set off in legal terms?

What are the conditions of set off?

Under the Principles, when two parties owe each other an obligation arising from a contract or any cause of action, each party may set off its obligation against the obligation of the other party. By mutual deduction, both obligations are discharged up to the amount of the lesser obligation (see Article 8.5).

What does it mean to set something off against something?

[set something off against something] same as set against Claims for expenses can be set off against tax. [set something off against something] to compare one thing with another The quality of the facilities must be set off against the cost of using them. To compare or connect things:compare, connect, link…

When do you have a right of set-off?

In certain circumstances, where two parties have monetary debts against each other, the right to set-off may arise. A right of set-off allows a (“Party 1”) to take into account the amount owed to it by the second party (“Party 2”) against any amount owed by Party 1 to Party 2, each party must be a debtor and a creditor.

What does it mean to place something against something?

1. To place something so that it is touching something on the side: I set my golf clubs against the car and opened the trunk. 2. To place something against some background: The author has set the love story against the backdrop of war. In the picture, the old church is set against the large, glass skyscrapers. 3.

What does a plea of set off mean?

A plea of set-off is “a plea whereby a defendant acknowledges the justice of the plaintiff’s demand, but sets up another demand of his own, to counterbalance that of the plaintiff; either in whole or in part”. Thus, it is a “reciprocal acquittal of debts between two persons”.