setoff

[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

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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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
Taxation is responsible for the automated setoff payments system.
Appellant appeals from the denial of her claim for a setoff.
Setoff may be disallowed because of its adverse effect on other creditors during reorganization.
The trustee argues that the setoff is impermissible in this bankruptcy.
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