Set-off risk occurs when a debtor is able to reduce the outstanding amount of its securitised debt by the amount of any unpaid claims (such as bank deposits, bonds and amounts owed under other contracts) it has against a defaulting originator.

Set-Up vs. Set Up. The noun setup is usually styled as a solid compound (that is, as a single word) in American English and as a hyphenated compound (set-up) in British English. The verb set up, on the other hand, is usually found as an open compound (two words, no hyphen) in both American and British English.

1 : to begin in a specified way He started out by introducing himself. She started out at a slow jog.

A set-off clause allows the lender to seize assets belonging to the borrower, such as bank accounts, in the event of a default. Set-off clauses are also used by manufacturers and other sellers of goods to protect them from a default by a buyer.

Set-off is related to debts. It is the reciprocal claim made by the defendant. Set-off can be used only under the suit for recovery of money. Here, both are mutually indebted to each other, and they both have to pay off the debts due to each other.

1a : to release or activate by means of a trigger especially : to fire by pulling a mechanical trigger trigger a rifle. b : to cause the explosion of trigger a missile with a proximity fuse. 2 : to initiate, actuate, or set off by a trigger an indiscreet remark that triggered a fight a stimulus that triggered a reflex.

transitive verb. 1a : to provoke or initiate with sudden intensity the verdict touched off local riots. b : to cause to explode by or as if by touching with fire.

set off

1. ​to make a bomb, etc. explode.
2. ​to make an alarm start ringing. Opening this door will set off the alarm.
3. ​to start a process or series of events. Panic on the stock market set off a wave of selling.
4. ​to make something more attractive or easy to notice by being placed near it.

We would like to set off for Paris by 10 o’clock tomorrow morning. As soon as the alarm went off it set off the dogs. We didn’t sleep at all. The fact that he cannot remember to take his books to school really sets me off.

Where the right of set off arises, it can act as a defence to part or the whole of a claim. Example: when the right of set off arises, if B owes A £800,000, but A in fact owes B £200,000, B can set off that £200,000 when A claims its £800,000, and pay to A only the balance of £600,000.

If you want a verb, write it as two separate words: set off. 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.

intransitive to start a journey, or to start going in a particular direction. We set off early the next morning. Synonyms and related words. –

Word forms: offsets, offsettinglanguage note: The form offset is used in the present tense and is the past tense and past participle of the verb. If one thing is offset by another, the effect of the first thing is reduced by the second, so that any advantage or disadvantage is canceled out.

1a : to place over against something : balance credits offset debits. b : to serve as a counterbalance for : compensate his speed offset his opponent’s greater weight. 2 : to form an offset in offset a wall. intransitive verb.

HOW TO MEASURE OFFSET

1. Lay the wheel/tire assembly on the floor and place a straight edge across the tire.
2. Measure the distance from the floor to the straight edge and divide by two.
3. Measure the distance from the floor to the straight edge and divide by two.

More Definitions of offset amount offset amount means an amount equal to the amount by which (a) the sum of the Intercompany Payable Amount, exceeds (b) the Intercompany Receivables.

You must request that loan file within 20 days of receiving the notice. That said, you can request a tax refund offset reversal after these deadlines, and whether the refund was already garnished or not. If you do qualify for a tax refund offset hardship exception, you may not ever be able to get one again.

The amount of my federal payment (e.g., income tax refund) has been reduced (“offset”). If an individual owes money to the federal government because of a delinquent debt, the Treasury Department can offset that individual’s federal payment or withhold the entire amount to satisfy the debt. …

BFS will send you a notice if an offset occurs. The notice will reflect the original refund amount, your offset amount, the agency receiving the payment, and the address and telephone number of the agency. BFS will notify the IRS of the amount taken from your refund once your refund date has passed.

The maximum low income tax offset is $700 for the 2020–21 and later income years. This has been increased from $445 as a result of the 2020–21 federal budget. If your taxable income is: $37,500 or less, you will get the full offset of $700.

A refund offset means that instead of getting the refund you expected, your overpaid federal income taxes will go toward an unpaid government debt.