set·off

[set-awf, -of]
noun
1.
something that counterbalances or makes up for something else, as compensation for a loss.
2.
Accounting. a counterbalancing debt or claim, especially one that cancels an amount a debtor owes.
3.
Also called offset. Architecture.
a.
a reduction in the thickness of a wall.
b.
a flat or sloping projection on a wall, buttress, or the like, below a thinner part.
4.
something used to enhance the effect of another thing by contrasting it, as an ornament.
5.
Printing. offset ( def 7 ).

Origin:
1615–25; noun use of verb phrase set off

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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00:10
Setoff is always a great word to know.
So is bezoar. Does it mean:
a screen or mat covered with a dark material for shielding a camera lens from excess light or glare.
a calculus or concretion found in the stomach or intestines of certain animals, esp. ruminants, formerly reputed to be an effective remedy for poison.
WordNet
setoff

noun
structure where a wall or building narrows abruptly [syn: set-back
WordNet® 3.0, © 2006 by Princeton University.
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Example sentences
The trustee argues that the setoff is impermissible in this bankruptcy.
Taxation is responsible for the automated setoff payments system.
Setoff may be disallowed because of its adverse effect on other creditors during reorganization.
Appellant appeals from the denial of her claim for a setoff.
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