The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

SETOFF Definition & Legal Meaning

Definition & Citations:

When all transactions are cancelled due to default. Both debtor and investor agree to this. Refer to novation and payment netting.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.