Set off from meaning
WebSynonyms for set off include leave, depart, embark, set out, hit the road, sally forth, set forth, start out, set sail and set forward. Find more similar words at wordhippo.com! Web28 Oct 2024 · What is set-off? When two parties have monetary debts against each other, a right may arise to “set-off” the debts. A party can look to reduce its liability on one contract by setting off that liability against debts due under another contract (or the same contract). The right of set-off can act as a defence to part or the whole of a claim.
Set off from meaning
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WebB2. to start a journey: What time will we have to set off for Grandma's house tomorrow? Jenny set off down the road on her new bike. They've just set off on a round-the-world … Web30 Nov 2024 · Set-off clauses are written into legal agreements to protect the lender. A set-off clause allows the lender to seize assets belonging to the borrower, such as bank …
WebThe meaning of SET-OFF is the reduction or discharge of a debt by setting against it a claim in favor of the debtor; specifically : the reduction or discharge of a party's debt or claim by an assertion of another claim arising out of another transaction or … Webset something off phrasal verb with set verb us / set / uk / set / present participle setting past tense and past participle set (CAUSE) C2 to cause an activity or event, often a series of events, to begin or happen: The court's initial verdict in the police officers ' trial set off serious riots. C2
Web1 Feb 2024 · Set-off allows the termination of obligations without an exchange of performance. Where parties are indebted to one another, set-off operates automatically under the common law when the requirements for set-off are satisfied. Under sections 90 and 124 of the National Credit Act (NCA), the process is not automatic and is more … WebSet-Off. A demand made by the defendant against the plaintiff that is based on some transaction or occurrence other than the one that gave the plaintiff grounds to sue. The set-off is available to defendants in civil lawsuits. Generally, civil actions are brought by plaintiffs seeking an award of damages for injuries caused by the defendant.
Webto start a process or series of events. Panic on the stock market set off a wave of selling. Topics Change, cause and effect c2. to make something more attractive or easy to notice …
Web13 Apr 2024 · 1.01 Name of instrument. (1) This instrument is the Part 138 (Aerial Work Operations) Manual of Standards 2024. (2) This instrument may be cited as the Part 138 MOS. (3) Unless the contrary intention appears, references in this instrument to “the MOS” or “this MOS” are references to the Part 138 MOS. sonesta simply suites bostonWebOffset definition, something that counterbalances, counteracts, or compensates for something else; compensating equivalent. See more. small dog acl tearWebto cause a loud noise or explosion, such as that made by a bomb or an alarm (= a warning sound) to begin or happen: Terrorists set off a bomb in the city centre. Somebody set the … set something off meaning: 1. to cause an activity or event, often a series of events, … sonesta simply suites boston braintreeWebIt is also known as the right to combine accounts. It is arguably of wider commercial application and could be available in any situation where one party has two or more … sonesta simply suites horsham paWebtransitive (set someone off) to make someone start to laugh, cry, or talk a lot. Just mentioning her father ’s death could set her off again. Synonyms and related words. … sonesta simply suites houston clear lakeWeb8 hours ago · An Emergency button at the bottom will let you use the device for an emergency call in a serious situation. But otherwise, you'll need to simply stop using your iPhone and put it somewhere cool. sonesta simply suites linthicum mdWeb10 Apr 2024 · Meaning & Definition. Set-off means discharging reciprocal monetary obligations by counterbalancing debt or claim. The set-off is carried out by debiting one account against a credit on another. The word “set-off” gives us the idea that it is related to writing off or reducing the value. In simple accounting terms, when a debtor can ... sonesta simply suites houston citycentre