👉 A setoff is a legal or financial adjustment in which one party receives an amount greater than what they would have received had the other party not taken certain actions.
Outrageously Funny Search Suggestion Engine :: Setoff
What is the definition of Setoff? 🙋
👉 Setoff, in the context of international trade and finance, refers to a situation where one party may be entitled to receive a portion of the proceeds of a transaction that is not covered by their own rights. This could include profits from a sale or purchase of goods, as well as any other income that the party receives when another party sells or transfers goods. In essence, setoffs are financial measures used in international trade and finance to prevent disputes over payments between parties. They allow for a recovery of
