Set-off (law)
id:
set-off-law-201-12796176
title:
Set-off (law)
text:
In law, set-off or netting is a legal technique applied between persons or businesses with mutual rights and liabilities, replacing gross positions with net positions. It permits the rights to be used to discharge the liabilities where cross claims exist between a plaintiff and a respondent, the result being that the gross claims of mutual debt produce a single net claim. The net claim is known as a net position. In other words, a set-off is the right of a debtor to balance mutual debts with a c
brand slug:
wiki
category slug:
encyclopedia
description:
Method of aggregating financial risk
original url:
https://en.wikipedia.org/wiki/Set-off_(law)
date created:
date modified:
2023-10-12T15:05:06Z
main entity:
{"identifier":"Q1151380","url":"https://www.wikidata.org/entity/Q1151380"}
image:
fields total:
13
integrity:
14