setoff

noun

Meaning

The situation where a bank or similar organisation repays itself money owed by an accountholder out of his or her account.

Etymology / origin

No prose etymology has been added yet.

No ancestor words have been linked yet.

Related words

offset(English)set back(English)compensatory(English)compensator(English)compensation(English)redress(English)equalisation(English)commutation(English)

Descendant words

No descendant words have been linked yet.

Sources

DictionaryAPI.dev English dictionary data