Definition of "setoff"
  1. A claim made by a debtor stating that the owed amount should decrease due to the creditor owing them money, commonly used as a counterclaim in a lawsuit to reduce the money payable to the plaintiff
How to use "setoff" in a sentence
  1. The defendant used setoff to argue he owed less money to the plaintiff.
  2. In court, she claimed a setoff to reduce the amount she needed to pay.
  3. The lawyer advised his client to consider setoff to decrease his debt.

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